Sunday, 08 April 2018 16:13

Azerbaijan to open trading house in UAE

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Azerbaijan to open

Azerbaijan to open trading house in UAE

Trend | April 6, 2018- Azerbaijan started work on the establishment of a trading house in Dubai, Azerbaijani Economy Minister Shahin Mustafayev said.

He made the remarks at a meeting with the UAE Foreign Minister Anwar Gargash in Baku April 5, says a message from the Azerbaijani Economy Ministry.

Mustafayev noted that this step is aimed at promotion of Azerbaijani products in the UAE.

The minister noted the development of trade and economic relations between the two countries, and emphasized that the first foreign representative office of the Dubai Chamber of Commerce and Industry was opened in Baku.

“Azerbaijan, in turn, appointed a trade representative to the UAE, sent export missions and participated in exhibitions held in the country with a single country stand,” noted the economy minister.

Noting the potential for development of relations between Azerbaijan and the UAE, Mustafayev shared his thoughts on the prospects for cooperation in the areas of investment, industry, alternative energy, pharmaceutics, transport and transit freight traffic, as well as in the oil and gas sector.

Meanwhile, the development of relations between the two countries in the sphere of tourism was stressed.

Gargash, for his part, expressed the interest in the development of relations between the UAE and Azerbaijan in the sphere of cargo transportation, tourism, education, energy and other sectors.

According to Azerbaijan’s State Customs Committee, trade turnover with the UAE amounted to $7.4 million in January-February 2018 that is 2.4 timer more than in the same period of 2017.


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