Baku, Bucharest Discuss Economic Ties Dev't
Date
10/20/2022 10:06:38 AM
(MENAFN- AzerNews) By Ayya Lmahamad
Azerbaijan and Romania have discussed the development of the
economic ties between the two countries, Azernews reports.
The discussion took place during the meeting between Romanian
Prime Minister Nicolae Ciuca and Azerbaijan's delegation, involving
Economy Minister Mikayil Jabbarov, energy Minister Parviz Shahbazov
and SOCAR's management, who is on a visit to Romania.
During the meeting, the parties also discussed the broad
cooperation prospects in the agriculture, oil-chemistry and
transport-logistics sectors.
'Together with colleagues, we have met with Romanian Prime
Minister @NicolaeCiuca and discussed the development of the
#economic partnership between our countries, as well as the broad
cooperation prospects in the fields of #agriculture, oil-chemistry
and transport-logistics,' Mikayil Jabbarov .
Within the framework of the visit, earlier Azerbaijan's State
Oil Company (SOCAR) and Romania's Romgaz have signed a memorandum
of understanding on cooperation.
Azerbaijan and Romania are cooperating in various spheres of the
economy. The two countries established diplomatic relations on June
19, 1992. The embassy of Romania in Azerbaijan was opened on
November 3, 1998, and the embassy of Azerbaijan in Romania on May
19, 2001.
The trade turnover between the two countries amounted to $215.5
million in 2021, with exports amounting to $120.5 million, and
imports to $94.9 million.
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Ayya Lmahamad is AzerNews' staff journalist; follow her on
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