(MENAFN- AzerNews)
The Azerbaijani Food Safety Institute (AQTI) and Italian
National Health Institute (ISS) have signed a memorandum of
cooperation, Azernews reports.
The document was signed during a meeting between a delegation of
AQTI and staff of the ISS in Rome, Italy.
During the meeting, extensive presentations on the activities of
both institutions were made. The parties discussed areas of
cooperation, exchanged experiences, and discussed the establishment
of cooperation between the National Reference Laboratories of the
two countries.
The diplomatic relations between the two countries were
established on May 8, 1992. The first embassy of Italy among the
Southern Caucasus republics was opened in Azerbaijan in 1997 and
the embassy of Azerbaijan to Italy has been functioning since
2003.
The two countries' trade turnover was $9.6 billion in 2021, with
Italy being Azerbaijan's main trade partner.
Azerbaijan is a major supplier of energy resources to Italy. In
Azerbaijan, over 100 Italian companies operate in various fields.
Further, Italian firms have contracts worth more than €10 billion
($11.8 billion) for Azerbaijani projects both inside and outside
the country.
Azerbaijan's total investment in the Italian economy is
estimated to be around €1.7 billion ($2 billion), with Italy
investing approximately €770 million ($910.8 million) in
Azerbaijan.
Further, Italy was one of the first countries to express support
for Azerbaijan's territorial integrity, as well as an interest in
participating in the restoration of Azerbaijan's liberated
territories. Thus, Italy and Israel have already launched a joint
project to build a smart village in the liberated Zangilan
region.
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