The ninth session of the UAE-Azerbaijan Joint Intergovernmental Commission (JIC) for Economic, Trade and Technical Cooperation witnessed the two countries agree to develop an economic partnership.
The session, attended by several senior officials and government and private sector representatives from both sides, detailed that this partnership would extend across entrepreneurship, SMEs, new economy, tourism, aviation, industry, innovation, technology, agriculture, food security, logistics, culture, energy, investment and renewable energy.
The latter was reportedly a “major area of focus,” with the session exploring prospects for partnerships to launch new projects, particularly in power generation, and for organising workshops for experts from both countries on energy efficiency improvement.
HE Abdullah bin Touq Al Marri, Minister of Economy, said: “The latest JIC session is a key milestone in strengthening the economic ties between the UAE and Azerbaijan. The meeting discussed several vital economic sectors that have the potential to drive the sustainable development of both economies. We are keen to work closely with our Azerbaijani partners to open up new avenues for collaboration and create diverse opportunities in various sectors, thereby supporting the sustainable growth of both economies.”
Both parties also agreed to establish joint work teams consisting of members from relevant entities from both sides to explore further opportunities for economic collaboration in priority sectors at both government and private sector levels.
Further, under the partnership, the two will provide “comprehensive support” for exporters and importers to facilitate and enhance the exchange of goods and services, as well as to diversify them, it was shared.
