UAE, Azerbaijan Boost Bilateral Economic Ties

The UAE and Azerbaijan have agreed to enhance their bilateral economic partnership across various sectors, including SMEs, new economy, tourism, aviation, and renewable energy.

The two nations will establish joint work teams to explore further economic collaboration opportunities in priority sectors, providing comprehensive support for exporters and importers.

Economic ties between the UAE and Azerbaijan are expected to strengthen, with a focus on facilitating trade, diversifying goods and services, and promoting investment opportunities.

The UAE serves as a vital trade gateway for Azerbaijani exports to regional markets, making the agreements particularly significant.

The meeting explored promising investment opportunities in food and manufacturing industries, creating new communication channels between business communities.

Both countries agreed on the importance of motivating SME owners and entrepreneurs to invest in new economy sectors, increasing their contributions to GDP.

The collaboration is expected to boost tourism inflows, with joint tourism exhibitions, events, and conferences highlighting key attractions.

Strengthening cooperation in digitalisation, innovation, and technology was also discussed.

The joint council meeting explored means to strengthen cooperation in food security and agriculture through increased trade.

The strengthening of cooperation and investment exchanges in energy and renewable energy sectors was another major area of focus.

Also Read: Asir Focuses on Enhancing Tourism Experience