Minsk Hosts 16Th Meeting Of Azerbaijan-Belarus Intergovernmental Commission (PHOTO)

(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 3. The 16th meeting of the Intergovernmental Commission on Trade and Economic Cooperation between Azerbaijan and Belarus was held in Minsk, a source in the Azerbaijani Cabinet of Ministers told Trend.

The meeting was chaired by Deputy Prime Minister Samir Sharifov from the Azerbaijani side, and Deputy Prime Minister Natalya Petkevich from the Belarusian side.

Speaking at the forum, Petkevich said that relations between Azerbaijan and Belarus are based on time-tested friendship and mutual trust. She noted that the goal set by the heads of state to increase bilateral trade turnover to $1 billion indicates a high potential for cooperation between the countries.

Petkevich emphasized that industrial cooperation, the establishment of joint ventures, and cooperation in agriculture are among the main development directions of bilateral relations. New partnership opportunities and joint investment projects between business circles were also discussed within the framework of the forum.

Speaking at the meeting, Sharifov emphasized that Azerbaijani-Belarusian relations are developing successfully on the basis of mutual trust and high-level political dialogue formed between the heads of state, President of the Republic of Azerbaijan Ilham Aliyev and President of Belarus Alexander Lukashenko. The deputy prime minister pointed out that the Intergovernmental Commission plays an important role in expanding cooperation between the two countries and ensuring the implementation of the agreements reached.

Sharifov noted that despite global economic challenges, trade relations between Azerbaijan and Belarus are demonstrating positive dynamics. During the first four months of 2026, mutual trade turnover increased by more than 11% compared to the same period last year, reaching $158 million. The parties agreed to implement additional measures to further increase trade turnover, diversify the export nomenclature, and expand investment cooperation.

The Azerbaijani official highlighted that the Azerbaijan Trade House operating in Belarus plays an important role in the development of bilateral trade relations. It was noted that this platform makes a significant contribution to the promotion of Azerbaijani products in the Belarusian market, the expansion of exports, and the strengthening of business relations.

At the meeting, industrial cooperation was assessed as one of the most promising areas of cooperation. It was noted that the Ganja Automobile Plant successfully continues to produce tractors, trucks, utility, and special equipment in cooperation with leading industrial enterprises of Belarus.

The parties also discussed the possibilities of implementing new joint projects in Azerbaijan in the fields of household appliances production, elevator equipment assembly, pharmaceutical and veterinary preparations production, as well as the preparation of mineral fertilizers.

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