Azerbaijan, UAE strengthening bilateral co-op, embassy says

Azerbaijan, UAE strengthening bilateral co-op, embassy says

Baku, Azerbaijan, June 27


The relations between United Arab Emirates and Azerbaijan became more collaborative in 2011, when UAE established the Embassy in Baku, the UAE Embassy in Baku told Trend.

In general, the relations between the two countries can be categorized in two periods: the first period before the Embassy and the second, after the opening of the Embassy of UAE in Azerbaijan.

The cooperation has developed with a steady pace; Azerbaijan mainly exports fruits, juices, nuts, food and metal products to UAE. The UAE mainly exports electronics, high technology products, building materials and industrial goods to Azerbaijan.

Additionally, polyethylene polymers, furniture, and car parts are also among the UAE exports to Azerbaijan.

The United Arab Emirates and Azerbaijan have created the Intergovernmental Joint Economic Committee which aims to strengthen the economic cooperation between the two countries by enhancing trade and investment at the bilateral level of the relations and exploring new initiatives for bilateral investments and joint projects in the future.

The official visits and meetings between the two countries to open discussions on economic cooperation and building future cooperation in nine crucial sectors throughout these years: agriculture, renewable energy, tourism, the environment, irrigation, communications, modern technology and air transport.

Most importantly, the UAE and Azerbaijan with great enthusiasm have worked on creation of the trade and investment opportunities at the bilateral level in order to enhance the cooperation among businesses of both of the countries.

It should be stressed that one of the most important meetings between the governments was held in April 2017 within the framework of the sixth session of the UAE-Azerbaijan Joint Economic Committee. The meeting was very important as the most prominent project initiatives were highlighted and agreed upon. Among such kind of projects, we can recall the agreement between the DP World Company, the Ministry of Economy of the Republic of Azerbaijan and the Port of Baku dated 2016. The document aimed to establish the Alyat Free Trade Zone in Azerbaijan. This cooperation is considered to be one of the most successful projects between the UAE and Azerbaijan.

Another milestone of the cooperation between the UAE and Azerbaijan is the opening of the first overseas office of Dubai Chamber of Commerce and Industry in the capital of Azerbaijan. Thus, Baku directly supports the economic growth in both of the countries and at the same time strengthens the bilateral relations.

Furthermore, Azerbaijan continued to build business relations specifically with the cities of the UAE. One of the examples is the visit by the economic delegation from Azerbaijan to the Sharjah Chamber of Commerce and Industry. During the visit the sides discussed how to improve the bilateral cooperation for the benefit of both countries with specific local focus on Sharjah as a city in UAE.

"All in all, if we observe the recent events, we can see that both countries are still working to strengthen the bilateral cooperation. In January 2019 Azerbaijan’s Trade House was opened in Dubai. The Trade House has the role of providing detailed information about Azerbaijan on various sectors," said the embassy's message.

"It is estimated that the opening of the Trade House will increase the exports of non-oil goods to UAE. The office will promote Azerbaijani goods and have the aim to increase the bilateral trade between UAE and Azerbaijan. The trade house is equipped with more than 600 goods and products from Azerbaijan. The numbers also confirm the great bilateral relations as the trade turnover have increased for 50.8 percent in 2018 in comparison with 2017."

Subscribe to Trend in Google News! Subscribe
SOCAR Georgia Gas announces tender on gas stations restoration
SOCAR Georgia Gas announces tender on gas stations restoration
Kazakhstan’s Almaty Power Plants to buy pumping, ventilation equipment via tender
Kazakhstan’s Almaty Power Plants to buy pumping, ventilation equipment via tender
Azerbaijan opens investment tender to privatize Sumgayit Construction Service company
Azerbaijan opens investment tender to privatize Sumgayit Construction Service company
Loading Bars
Great number of EU, NATO countries interested in Turkish drones - Cavushoglu
Georgian PM meets with President of FIBA Europe
OSCE MG ready to host meeting between Azerbaijani and Armenian FMs
Value of Azerbaijan's export to US surges for 10M2021
Prices on several main food products in Kazakhstan continue to lower
Agrarian sector of ‘smart village’ in Azerbaijan’s Zangilan to be combined modern urban planning – minister
Azerbaijan discloses project cost of agropark in Yevlakh (PHOTO)
Buy/sell operations at Iran Mercantile Exchange down
Saudi Arabia, France agree to strengthen cooperation
Biden, Putin to hold video call on Tuesday
India, Australia are natural economic partners, says Tony Abbott
Azerbaijan receives mine maps of its territories liberated from Armenian occupation
Erdogan discusses humanitarian aid with Red Crescent, Red Cross
Uzbekistan intends to increase dried fruit exports to China
No Omicron strain detected in Georgia - NCDC Head
Aligarh’s Areeba shoots to fame, breaks stereotypes about Muslim girls
Iran’s Bahar Azadi gold coin price skyrockets
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,406 more COVID-19 cases, 1,787 recoveries
Tactical exercises held in Azerbaijan's commando military unit - MoD (PHOTO/VIDEO)
New composition of Supervisory Board of Azerbaijan Industrial Corporation approved
Iran reveals COVID-19 data for December 4
President Ilham Aliyev sends congratulations to heads of Thailand, Finland
France, Europeans working to open joint mission in Afghanistan - Macron
Ranking of natural gas importers from Azerbaijan
Uzbek Commodity and Raw Materials Exchange reveals volume of its transactions
SOCAR Georgia Gas announces tender on gas stations restoration
Iran eyes increase in passenger transportation via Yazd Shahid Sadooghi Airport
Azerbaijan reveals oil exports to Canada in 10M2021
Weekly review of main events in Azerbaijan's transport sector
Turkmenistan’s president approves anti-crisis program for 2022
Azerbaijan’s liberated territories have high potential for solar energy - RES agency
Weekly review of key events in Azerbaijan's ICT sector
Russian company to help automate, digitalize processes in Uzbek energy sector
Iran reaches increase in load/unload operations in Shahid Bahonar port
Top 10 Azerbaijani oil importers
MFA reveals reason why Armenia-Azerbaijan ministerial meeting didn't take place
Kazakhstan talks construction of wind power plants in Kostanay region
Azerbaijan achieves practical results to restore hydropower plants in liberated lands - agency's CEO
Azerbaijan’s metallurgical company notes increases in steel production over 9M2021
Iran also to be able to take advantage of Zangazur corridor – ex-Iranian ambassador to Azerbaijan
Russia-UAE trade turnover hits fresh all-time high surpassing $4 bln - Mishustin
Kazakhstan’s Almaty Power Plants to buy pumping, ventilation equipment via tender
Azerbaijan discloses oil exports to Ukraine over 10M2021
Azerbaijan unveils volume of oil exports to Belarus in first 10M2021
Georgian Railway shares updated report on income within 9M2021
Azerbaijan’s 10M2021 oil exports to UK revealed
Kazakhstan to timely fulfill its obligations under COP26 – PM
Azerbaijan opens investment tender to privatize Sumgayit Construction Service company
Iran finds way to supply its far north, north-east provinces with gas
Georgia releases COVID-19 data for December 4
LUKOIL Uzbekistan Operating LLC opens tender for supply of shut-off and control valves
Mikheil Saakashvili not to be treated abroad – Georgia's minister
Russia offers Azerbaijan to switch to barcoding for fruit, vegetables exports
Tripartite gas swap deal with Turkmenistan, Azerbaijan, may help Iran kill two birds with one stone
Azerbaijan Mortgage and Credit Guarantee Fund issues record amount of loans in 10M2021
Goods movement across Azerbaijani-Russian border to be accelerated
Azerbaijani oil prices increase
Kazakhstan boosts trade with Romania over 9M2021
Weekly review of Azerbaijan's oil & gas sector
Weekly review of Azerbaijani precious metals market
Weekly review of Azerbaijani currency market
Treatment of servicemen injured in helicopter crash of Azerbaijan’s State Border Service continues
Turkey to support Azerbaijan in installing seismic stations in Karabakh
Iran aims to increase local solar power production
Gamaleya Center ready to accept state order for up to 10 mln sets of Sputnik M
Kazakhstan’s Intergas Central Asia to buy welding equipment via tender
Georgia’s export of oil products increases
India’s air defence gets a big boost, Russia starts delivery of S-400 missiles
India's defence procurement guided by national security interests: MEA
Uzbekistan shares domestic COVID-19 data for December 3
Iranian currency rates for December 4
Turkey's export product labeling changes
S.Korea reports record-high COVID-19 cases, deaths
Iran, China review cinematic cooperation
Georgia and Poland have potential for development of bilateral trade
Kyrgyzstan, Russia presidents hold telephone conversation
Japan PM Kishida likely to cancel U.S. visit due to Omicron
Militants kill at least 31 in central Mali, say local authorities
Tunisia confirms 1st case of Omicron variant infection
Turkey confirms 21,495 daily COVID-19 cases
France announces new travel restrictions
IMF chief says Omicron could dent global economic growth
France evacuates more than 300 people from Afghanistan
UK records more than 50,000 new coronavirus cases
Italy's economy projected to grow 6.3 pct this year
Kazakhstan decreases petroleum gas export to Hungary amid global pandemic
Militants kill 7 soldiers in Nigeria's northeastern Borno state
Iran nuclear talks adjourn, resume next week
South Africa hit by fourth COVID wave driven by Omicron
Budget for social rehabilitation and childcare to reach 52 mln GEL next year, Georgian PM says
Putin informs Erdogan on main results of Sochi trilateral meeting
Turkey introduces action plan to improve lives of the disabled
Construction of 50MW solar power plant underway in Kazakhstan
Azerbaijani FM, OSCE rep exchange views on OSCE Charter (PHOTO)
Human remains discovered in Caspian Sea and recovered - SOCAR
Iran highlights need for more customs cooperation with Pakistan
Volume of investments in construction of bp's power plant in liberated Azerbaijani lands revealed
Turkmen gas may be supplied to Europe via Caspian Connector project - ambassador
Turkish, Russian Presidents hold phone talks
All news