Azerbaijan, China Investigate Potential Investment Opportunities (PHOTO)
Date
12/24/2024 1:09:17 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 24. A meeting took
place at the Azerbaijan Export and investment Promotion Agency
(AZPROMO) with a Chinese delegation led by Vice President of the
China Association of International Economic Cooperation (CAFIEC)
and the Director of the Committee on International Investments and
Cooperation, Wang Weiwei, AZPROMO told Trend .
During the meeting, AZPROMO Executive Director Yusif Abdullayev
discussed the agency's efforts, the investor-friendly environment,
and the reconstruction of freed territories. AZPROMO would provide
comprehensive support for Chinese enterprises expanding in
Azerbaijan, he said.
Wang Weiwei, Vice President of CAFIEC, noted that the
preferential mechanisms applied in the liberated territories
further enhance the attractiveness of the investment climate. He
also expressed interest in participating in these areas'
reconstruction efforts and establishing regional logistics
warehouses in Azerbaijan.
The meeting included discussions on investment opportunities in
sectors such as pipe manufacturing, sanitary equipment production,
ceramics, and logistics in Azerbaijan, as well as prospects for
partnership, implementation of investment projects, and joint
development in these fields.
AZPROMO was founded in 2003 by the Ministry of Economy of
Azerbaijan to facilitate foreign investment in the non-oil industry
and promote exports of non-oil products. The agency's primary
objective is to enhance the nation's economy by soliciting
international investment and fostering exports in the non-oil
sector. To date, the agency has conducted 33 export trips to
international destinations under the "Made in Azerbaijan"
initiative.
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