An exchange of views was held on investment in Azerbaijan by Chinese companies and development of cooperation in various fields.
Minister of Economy Mikayil Jabbarov met with the delegation led by the executive vice-chairman of the All-China Federation of Industry and Commerce (ACFIC) Ms. Shen Ying.
It was pointed out that the adoption of the "Joint Declaratıon of the Republic of Azerbaijan and the People’s Republic of China on the establishment of a strategic partnership" within the Astana Summit of the Shanghai Cooperation Organization laid the foundation for a new stage in the development of relations between the two countries and opened new opportunities for trade, investment and private sector cooperation.
The guests were informed about the favorable business and investment environment created for investors in Azerbaijan. It was reported that there is successful cooperation with Chinese companies in investment, industry, energy, agriculture and other fields, and the trade turnover is increasing. As a result of the activities of the Trade Representation of Azerbaijan in China, a number of Azerbaijani products are known in the Chinese market. However, it is important to increase efforts for more active participation of Azerbaijani companies in exhibitions and forums held in China, and taking into account the interest of Chinese companies in the economy of Azerbaijan, the relevant institutions of both countries should actively cooperate in this direction.
It was highlighted that Chinese companies can operate in the industrial zones of Azerbaijan, including the Alat Free Economic Zone, as well as in the areas liberated from occupation, in infrastructure, transport and other fields.
The development of economic and trade relations, expansion of partnership of business circles, as well as prospects of cooperation in tourism, IT, innovation, fintech and other fields were emphasized at the meeting. Opinions were exchanged on the issues of investment in Azerbaijan by Chinese companies operating in the private sector, implementation of joint projects, support of initiatives in this direction by the All-China Federation of Industry and Commerce.
