Azerbaijan and Central Asian country of Tajikistan have discussed ways of cooperation in the field of industry and sharing Azerbaijan’s experience in establishing industrial parks, Economy Ministry has reported.
The discussion took place during a videoconference between the Azerbaijan Economy Ministry and Tajikistan Industry and New Technologies Ministry on December 23.
Tajikistan Industry and New Technologies Minister Sherali Kabir emphasized his country’s willingness to use Azerbaijan’s experience and expand cooperation with Azerbaijan, especially in the field of industry, logistics and creation of industrial parks.
The parties discussed the possibility of providing methodological and practical assistance in the creation of industrial parks in Tajikistan.
Presentations were made on the activities of industrial parks in Azerbaijan and the possibility of transporting goods from Tajikistan through Azerbaijan.
It was underlined that currently there were five industrial parks specializing in chemistry, processing, shipbuilding, light industry, pharmaceuticals and other industries. The number of residents of industrial parks has reached 50, while the investment portfolio of residents is $3.8 billion.
Furthermore, Azerbaijan’s Deputy Economy Minister Sahib Alekperov emphasized the great potential of cooperation between the two countries in various economic spheres, including industry, noting that the conference would contribute to the expansion of relations in this area.
Stressing the opportunities for cooperation between the two countries in the field of industrial parks, he noted that favorable conditions for entrepreneurship had been created there. In addition, he briefed the participants on the benefits and support mechanisms applicable to the residents.
In January-September, products manufactured in industrial parks accounted for 10.6% of Azerbaijan’s non-oil production and for 20.3% of exports.
Trade turnover between Azerbaijan and Tajikistan amounted to $2.9 million during the period of January-October. (AzerNews/Business World Magazine)