Agriculture Accounts For Considerable Portion Of Azerbaijan's Exports - AZPROMO
Date
10/1/2024 7:10:44 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 1. Agriculture
accounts for a considerable portion of Azerbaijan's exports, Deputy
Executive Director of Export and investment Promotion Agency of
Azerbaijan (AZPROMO) Tural Hajili said during the panel discussions
at the international conference held as part of the Baku Climate
Action Week, Trend reports.
"The Azerbaijani government's Harmonia initiative, aimed at
enhancing climate resilience, is one of the 14 key programs to be
presented at COP29. It is crucial because agriculture holds a
prominent position in Azerbaijan's economy and is one of the
leading sectors in the non-oil segment. We are actively promoting
the development of expertise and attracting foreign direct
investment to this sector. The contribution of agriculture to GDP
in 2023 was about 5 percent, and its products account for a
considerable portion of exports, exceeding $1 billion annually," he
said.
Hajili also pointed out that agriculture is a major source of
carbon dioxide emissions, and the current levels of funding and
investment are insufficient to carry out all necessary
transformations.
"Further steps are needed in this regard. The companies invited
to today's event have already contributed to reducing carbon
emissions through their activities. AZPROMO and the Ministry of
Economy are fully committed to supporting these efforts and
assisting our companies at all stages of their operations," he
added.
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