Azerbaijan, China Discuss Investment Cooperation
(MENAFN- AzerNews)
Ayya Lmahamad read more
and China have discussed opportunities for
cooperation on investment in energy, infrastructure, and
construction sectors, Azernews reports.
The discussion took place during a meeting between Azerbaijan's
Export and Investment Promotion Agency (AZPROMO) Head Yusif
Abdullayev and Chinese company China Energy and Engineering Group
Co. Vice President for South Asia region Wang Jiliang.
During the meeting, Yusif Abdullayev spoke about the agency's
activities, the favorable business and investment environment
created in Azerbaijan, as well as the implemented investment
projects. In this regard, he invited Chinese companies to active
cooperation.
Further, Wang Jiliang briefed on his company's activities.
The diplomatic relations between the two countries were
established on April 2, 1992.
Azerbaijan is China's key trade partner in the South Caucasus
region. In 2021, China became Azerbaijan's 4th largest trading
partner, with a trade turnover amounting to $1.7 billion.
Azerbaijan has a trade mission in China, trade and wine houses,
trade branches in trade networks and measures are continuously
taken to develop cooperation. In addition, there are companies with
Chinese capital operating in Azerbaijan. Successful investment
cooperation is underway.
Meanwhile, negotiations are underway with China on a number of
industrial projects. Azerbaijan was one of the first countries to
support China's Belt and Road Initiative.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @ayyalmahamad
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@azernewsaz
Tags: azerbaijan china cooperation azerbaijan's export and investment promotion agency (azpromo)
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