Baku Hosts Session Of Azerbaijani-Japanese State Commission On Economic Co-Op
(MENAFN- AzerNews)
By Ayya Lmahamad
The 11th meeting of the State Commission on Economic Cooperation
between Azerbaijan and Japan was held in Baku on September 5,
Azernews reports.
The session was held with the participation of representatives
of state agencies of both countries.
Attending the event, Azerbaijan's Small and Medium Business
Development Agency (SMBDA) Board Chairman Orkhan Mammadov briefed
on the support and services provided by the agency to
entrepreneurs.
He noted that SMBDA is ready to actively work on establishing
practical cooperation with relevant institutions in Japan in the
field of SMBs. The board chairman added that the focus would be on
the development of business relations between the two
countries.
“The agency has supported Japanese investors over the past
period and is ready to help more companies from Japan to open
businesses in Azerbaijan,” he said.
Diplomatic relations between the two countries were established
on September 7, 1992. Currently, Azerbaijan and Japan are
cooperating in different sectors of the economy. Japanese companies
in Azerbaijan work in oil and gas as well as in agricultural
sectors. The trade turnover between the two countries amounted to
$274.8 million in 2021.
In 2021, Azerbaijan's Energy Ministry and Japan's TEPSCO company
signed an agreement on the establishment of the green energy zone
in the newly-liberated lands.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
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