The current situation and development prospects of economic relations with Israel were discussed.
First Deputy Minister of Economy Elnur Aliyev met with the members of the Azerbaijan-Israel inter-parliamentary working group in the Israel’s Knesset.
Elnur Aliyev emphasized that joint work is being continued in order to develop the economic cooperation of our countries with wide relations. It was noted that Azerbaijan and Israel provide mutual support to each other in various fields. High-level visits, meetings and events play an important role in the development of relations. The Joint Commission between the Government of the Republic of Azerbaijan and the Government of the State of Israel, whose 3rd session was held in Baku this April, is an important platform for the development of partnership. Economic and trade cooperation between our countries is also expanding. The trade turnover with Israel increased by more than 85 percent last year. Measures for the realization of joint investment projects with Israeli companies are ongoing.
There are ample opportunities for strengthening partnership with Israel in innovative development and digital economy, energy, industrial zones and agricultural parks, tourism, water management, food security, health, humanitarian and other fields. In addition, it is important to involve Israeli companies in the reintegration projects implemented in our liberated territories.
Evgeny Sova, a member of the Azerbaijan-Israel friendship group in the Israeli Knesset, expressed his country's importance to the development of relations with Azerbaijan, expressed the interest of Israeli companies in participating in projects implemented in various directions, including the restoration of the liberated territories of Azerbaijan, and shared his views on the development of cooperation.
The current situation and development prospects of Azerbaijan-Israel economic relations were discussed at the meeting.
