(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 1. Azerbaijan and
Albania have signed an agreement on economic cooperation, a source
in the Ministry of Economy of Azerbaijan told Trend .
According to the ministry, the country's Minister of Economy
Mikayil Jabbarov and President of State Oil Company of Azerbaijan
(SOCAR) Rovshan Najaf held a meeting with Deputy Prime Minister,
Minister of Infrastructure and Energy of Albania Belinda
Balluku.
The meeting emphasized successful development of relations with
Albania, the importance of mutual high-level visits, ongoing
negotiations in expanding cooperation, strengthening economic
cooperation between the two countries in bilateral relations,
beneficial role of business visits, meetings and the organization
of various events in the formation of effective economic
partnerships.
Moreover, the meeting informed about the favorable business and
investment environment, as well as the opportunities created for
investors, highlighting the potential for strengthening
partnerships with Albania in energy, trade, tourism, industry,
agriculture, transport, and infrastructure.
The ministry stressed that the parties explored opportunities
for promoting bilateral business partnerships, investments, and
joint activities.
The Agreement on Economic Cooperation between the Government of
Azerbaijan and the Council of Ministers of Albania was signed
during the meeting.
The document provides for encouraging cooperation in priority
areas, including trade, investment, energy, transport,
infrastructure, agriculture, tourism, the environment and the
humanitarian sphere.
Meanwhile, according to the State Customs Committee of
Azerbaijan, the trade turnover with Albania in January 2024
amounted to more than $486,000.
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