BAKU, Azerbaijan, October 25. President of the Republic of Azerbaijan Ilham Aliyev has approved several agreements signed with Pakistan, Trend reports.
The relevant documents include the "Agreement on Preferential Trade between the Government of Azerbaijan and the Government of Pakistan," the "Agreement between the Government of Azerbaijan and the Government of Pakistan on Transit Trade," and the "Agreement between the Government of Azerbaijan and the Government of Pakistan on Air Services," which were signed on July 11, 2024, in Islamabad, Pakistan.
The preferential trade agreement aims to boost trade between the two countries by reducing tariffs and customs duties on specific products. The agreement proposes tariff reductions and, in some cases, complete elimination of tariffs on certain goods, facilitating smoother bilateral trade. The implementation of this agreement is expected to enhance trade volumes, open new markets, and deepen economic cooperation.
The transit trade agreement serves as a strategic document aimed at strengthening international trade relations and facilitating the transit of goods. Under this agreement, Pakistan gains quicker and more efficient access to European and Central Asian markets through Azerbaijan. Conversely, Azerbaijan utilizes trade routes from Pakistan to improve access to South Asian and Chinese markets.
The "Agreement on Air Services between the Government of the Republic of Azerbaijan and the Government of the Islamic Republic of Pakistan" aims to expand air transport connections between the two nations and ensure regular flights. The agreement facilitates direct air transportation between Azerbaijan and Pakistan, focused on strengthening trade, business, and tourism links. Additionally, the development of air services is expected to include cargo transport, enhancing cultural, tourist, and business ties between the countries.
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President of the Republic of Azerbaijan Ilham Aliyev has approved several agreements signed with Pakistan, Trend reports.
The relevant documents include the "Agreement on Preferential Trade between the Government of Azerbaijan and the Government of Pakistan," the "Agreement between the Government of Azerbaijan and the Government of Pakistan on Transit Trade," and the "Agreement between the Government of Azerbaijan and the Government of Pakistan on Air Services," which were signed on July 11, 2024, in Islamabad, Pakistan.