UAE and Azerbaijan Strengthen Economic Ties at Joint Commission
The ninth session of the UAE-Azerbaijan Joint Intergovernmental Commission (JIC) on Economic, Trade, and Technical Cooperation took place in Shusha, chaired by UAE Minister of Economy Abdulla bin Touq Al Marri and Azerbaijani Minister Mikayil Jabbarov. High-level officials and private sector representatives from both countries attended.
Key agreements were reached to enhance cooperation in entrepreneurship, SMEs, tourism, aviation, industry, technology, agriculture, food security, logistics, culture, energy, and investment. Bin Touq emphasized the UAE’s strategic relations with Azerbaijan, highlighting recent legislative changes promoting business and investment in the UAE.
The session marked a significant step in deepening UAE-Azerbaijan economic relations, with plans for joint work teams to explore new opportunities and support for exporters and importers. The UAE remains a vital trade gateway, facilitating Azerbaijani exports. In 2023, non-oil trade between the two countries exceeded $1.64 billion, showing a 68% growth from 2022.
