• Updated 18.07.2019 18:06
  • Created 16.07.2019 16:25

First meeting of Azerbaijan-Afghanistan Joint Working Group on economic cooperation held  


On July 16, Baku Business Centre hosted the first meeting of the Azerbaijan-Afghanistan Joint Working Group on economic cooperation.

Making a speech at the meeting, Co-chair of the Joint Working Group, Deputy Minister of Economy Sahib Mammadov noted that the political will of the heads of states, meetings and negotiations held have created a solid foundation for the development of the Azerbaijan-Afghanistan cooperation. It was noted that a contractual basis of cooperation was established between the two countries, about 15 documents were signed and a Working Group was created on economic cooperation.

Sahib Mammadov noted that the trade turnover of the two countries significantly increased last year, as well as underlined the opportunities for further expansion of trade relations.

Touching upon transit cooperation between the two countries, the Co-Chair of the Joint Working Group stressed importance of the works on increasing the volume of bilateral transit cargo transportation and signing the Agreement on Transit Trade and Transport Cooperation (Lapis-Lazuli route) in this field. New railway Baku-Tbilisi-Kars, commissioned in 2017, new Baku International Sea Trade Port have opened new opportunities for expanding transit cooperation.

Economic reforms carried out in Azerbaijan, the favourable business and investment climate created for businessmen was briefed at the meeting. It was pointed out that Azerbaijan was included in the list of top-10 reformers in the World Bank's Doing Business 2019 report and declared the world's most reforming country.

Afghan Finance Minister, Chief Advisor to the President, Co-Chair of the Azerbaijan-Afghanistan Joint Working Group, Mohammad Humayon Qayoumi stressed his country's interest in developing economic cooperation with Azerbaijan and the importance of organizing meetings between businessmen in expanding ties.

Perspectives of development of cooperation in the fields of economy and trade, investment, education, healthcare, transport and in other areas between the two countries were discussed at the meeting.

At the end, the Protocol was signed on the outcomes of the meeting of Azerbaijan-Afghanistan Joint Working Group on economic cooperation.

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