Azerbaijan’s Ambassador, Mr. Ali Alizada, at a meeting with the Islamabad Chamber of Commerce and Industry (ICCI) business community, said, “Azerbaijan and Pakistan enjoyed excellent relations at the political level, but trade and economic relations were not up to the mark.
Therefore, there is a need to focus on promoting trade relations that would yield highly beneficial results for both countries’ economies.
Covid-19 has caused a slowdown in trade activity between the two countries, but after the coronavirus is over, bilateral trade is expected to boost.
Azerbaijan is interested in developing railway links and direct flights with Pakistan soon after the end of Covid-19.”
He highlighted that many good quality Pakistani products, including pharmaceuticals, cosmetics, surgical instruments, sports goods, cutlery, electrical appliances, textile and leather products, furniture, home-made crafts, food and fruits products, engineering and consumer goods, rice have a scope in Azerbaijan and it should increase imports of these products from Pakistan.
Recommending to the investors of Azerbaijan, the Ambassador said, “Pakistan is setting up many special economic zones (SEZs) under CPEC that offered ten years’ tax holiday.
Therefore, Azerbaijan investors should explore opportunities for joint ventures and investment in these SEZs that would help in further strengthening bilateral business cooperation between the two countries.”
