Azerbaijan, UAE to discuss economic co-op expansion
Baku, Azerbaijan, Sept. 7
By Azad Hasanli – Trend:
In November 2016, the United Arab Emirates (UAE) will host a regular meeting of the intergovernmental commission on Azerbaijan-UAE trade and economic cooperation, Minister of Economy of Azerbaijan Shahin Mustafayev said Sept. 7 at a ceremony dedicated to the signing of an agreement for rendering consulting services for a free trade area creation in the country’s Alat settlement.
Creation of a free trade zone in the Alat settlement will be also discussed during the regular meeting of the intergovernmental commission on Azerbaijan-UAE trade and economic cooperation.
Speaking about the relations between Azerbaijan and the UAE, Mustafayev stressed that the ties in both political and economic, as well as humanitarian spheres are successfully developing between the two countries.
Mustafayev noted that the trade turnover with the UAE has grown by more than 40 percent during the seven months of 2016.
“This is a very good indicator, considering the fact that the processes taking place in the world don’t contribute to the development of trade turnover between the countries at all,” said the minister. “Governments of Azerbaijan and the UAE are working to improve these indicators.”