Iraq-Azerbaijan business forum kicks off in Baku, focuses on strengthening economic ties

Last Update: 2024-09-17 22:45:06 - Source: Shafaq News

Shafaq News/ The Iraqi-Azerbaijani Business Forum began on Tuesday inBaku, the capital of Azerbaijan, with the participation of Iraqi Trade MinisterAtheer Al-Ghurairi and Azerbaijani Economy Minister Mikayil Jabbarov.

The Forum is organized by Azerbaijan's Ministry of Economy, Iraq'sMinistry of Trade, the Export and Investment Promotion Agency (AZPROMO), andthe Federation of Iraqi Chambers of Commerce..

In his remarks, Al-Ghurairi highlighted “the deep historical tiesbetween Iraq and Azerbaijan.”

“We need to enhance these relations through genuine partnerships betweenbusiness leaders from both countries,” he said.

He encouraged Azerbaijani companies and investors to explore the Iraqimarket and take advantage of available investment opportunities, stressing theimportance of increasing Iraqi exports to Azerbaijan.

Al-Ghurairi also underscored the importance of cooperation in localizinggold production in Iraq, noting discussions on leveraging Azerbaijani expertiseto boost this vital sector for Iraq's economy.

For his part, Azerbaijani Economy Minister Mikayil Jabbarov reiteratedAzerbaijan's commitment to strengthening trade and investment relations withIraq.

The forum gathered approximately 100 business leaders from bothcountries, representing industries including agriculture, food, logistics,construction, consulting, and shipping, alongside government officials.