Baku, Cairo Mull Trade, Economic Partnership Expansion
Date
7/18/2022 6:14:42 AM
(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan and Egypt have discussed the expansion of trade and
economic partnership, Azernews reports.
The discussion took place during the meeting between
Azerbaijan's Export and investment Promotion Agency (AZPROMO) Head
Yusif Abdullayev with Egypt's Ambassador Hisham Mohamed Nagy Abdel
Hamidi.
During the meeting, Yusif Abdullayev briefed on the agency's
activities, expansion of relations with foreign partners, export of
non-oil products, and the work carried out by the agency to attract
investment in the non-oil sector.
He spoke about the measures implemented within the framework of
the memorandum of understanding signed between AZPROMO and Egypt's
Trade and Industry Ministry in February 2022 in Baku.
In turn, the ambassador emphasized that Egypt attaches great
importance to cooperation with Azerbaijan and noted the role of
businessmen in the development of relations between the two
countries.
Additionally, the parties exchanged views about the directions
of development of relations between the business community.
Diplomatic relations between the two countries were established
on March 27, 1992. The Egyptian embassy in Baku has been operating
since April 1993, while Azerbaijan's embassy in Cairo has been open
since January 1994.
In total, the two countries signed around 50 documents on
cooperation in various fields.
The trade turnover between Azerbaijan and Egypt amounted to
$42.4 million in 2021, and to $4.1 million in the first five months
of 2022.
--
Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
Follow us on Twitter
@AzerNewsAz
- Tags:
- Azerbaijan
- Egypt
- Azerbaijan Export and Investment Promotion Foundation (AZPROMO)
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