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Azerbaijan, Belgium discuss strengthening investment partnerships

Economy Materials 21 February 2025 11:20 (UTC +04:00)
Azerbaijan, Belgium discuss strengthening investment partnerships
Evez Hasanov
Evez Hasanov
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BAKU, Azerbaijan, February 21. Azerbaijan's Export and Investment Promotion Agency (AZPROMO) and a Belgian delegation have discussed strengthening investment partnerships, a source in AZPROMO told Trend.

According to the source, during the meeting, the parties exchanged views on expanding joint activities to strengthen trade and investment partnerships.

Executive Director of AZPROMO Yusif Abdullayev briefed on large-scale projects being implemented in Azerbaijan's liberated territories and discussed the potential involvement of Belgian companies in these initiatives.

The potential of Azerbaijan’s export capabilities and opportunities for access to the Belgian market were also highlighted.

Ambassador of Belgium Julien de Fraipont, and Chairman of the Belgian-Azerbaijani Chamber of Commerce Stef Goris said that various events are being organized to create favorable conditions for Azerbaijani businesses in Belgium, strengthen relations between entrepreneurs, and encourage investment.

At the end of the meeting, the parties emphasized the importance of organizing reciprocal visits and business missions to further deepen the cooperation.

AZPROMO was founded in 2003 by the Ministry of Economy of Azerbaijan to facilitate foreign investment in the non-oil industry and promote exports of non-oil products. The agency's primary objective is to enhance the nation's economy by soliciting international investment and fostering exports in the non-oil sector. To date, the agency has conducted 33 export trips to international destinations under the "Made in Azerbaijan" initiative.

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