Azerbaijan, UK to Expand Trade and Investment Ties
Azerbaijan and the United Kingdom will step up joint efforts to expand economic cooperation, promote investment, and develop the Middle Corridor.
These matters are outlined in a joint declaration on Strategic Partnership signed between the two countries, Operativ Media reports.
Under the document, the sides plan to develop long-term commercial partnerships in priority areas, including renewable energy, infrastructure, and services, as well as expand knowledge exchange and strengthen business ties.
The declaration also underscores the importance of regional and international transport links. To facilitate cross-border trade and investment, the parties will support transport, logistics, and infrastructure projects, alongside the development of the Middle Corridor.
Furthermore, Azerbaijan and the UK will cooperate in renewable energy, green financing, and low-carbon technologies. A key objective in this direction is strengthening energy security and enhancing resilience to climate change.
The document also covers expanding cooperation in financial and capital markets, supporting small and medium-sized enterprise development, trade financing, and increasing access to international markets.
The parties also attached special importance to the activities of the Joint Intergovernmental Commission on Trade and Economic Cooperation. The commission is intended to serve as the main platform for advancing joint initiatives in investment, economic diversification, the Middle Corridor, and energy cooperation.
