SMBDA, JICA Discuss Joint Projects Implementation
(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan's Small and Medium Business Development Agency
(SMBDA) and Japan's International Cooperation Agency (JICA) have
discussed ideas to support the implementation of joint projects,
Azernews reports.
The discussion took place during a meeting between SMBDA's Board
Chairman Orkhan Mammadov and JICA's Deputy Director General of the
East, Central Asia, and the Caucasus Department Hideki Tanabe.
“Held a fruitful meeting with a delegation headed by Mr. Hideki
Tanabe, Deputy Director General, East and Central Asia and the
Caucasus Department, @jica_direct_en. Joint initiatives for
development of #SMEs are on the way and #KOBİA looks forward to
future cooperation with JICA,” Orkhan Mammadov wrote on his official Twitter page.
During the meeting, it was stressed that SMBDA attaches great
importance to cooperation with international organizations,
including JICA, in order to study international best practices in
the sector of support and service to small and medium-sized
businesses.
The sides also discussed the possibilities of expansion of ties
with relevant Japanese institutions.
Diplomatic relations between the two countries were established
on September 7, 1992. On October 12, 2005, the embassy of
Azerbaijan in Japan was opened, while the embassy of Japan in
Azerbaijan was opened on January 21, 2000.
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. During the entire period of
cooperation between the two countries, Japan has invested $7.1
billion in Azerbaijan. The trade turnover between the two countries
amounted to $274.8 million in 2021.
It should be also noted that 2022 is the“Year of friendship
between Azerbaijan and Japan”.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
Follow us on Twitter
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