Azerbaijan keen to enhance bilateral trade with Pakistan: Envoy.

ISLAMABAD -- Khazar Farhadov, Ambassador of Azerbaijan, has said that Azerbaijan is keen to enhance bilateral trade with Pakistan, which would be very beneficial for both countries.

He said that Pakistan, Azerbaijan and Turkey have good potential to develop an economic block to achieve better outcomes for their respective economies. He said that Azerbaijan and Turkey collaborate in a variety of economic fields and their bilateral trade is in billions. Therefore, Azerbaijan wants to develop similar kinds of trade ties with Pakistan to complement the economy of each other. He said this while addressing the business community during his visit to Islamabad Chamber of Commerce and Industry (ICCI).

The envoy said that Azerbaijan's economy has been on a steady growth trajectory and has positioned itself as a strategic transport hub between Europe and Asia. Therefore, close cooperation of Pakistan with it would open up new avenues for Pakistan to promote trade ties with Central Asia. He said that many Pakistani products including pharmaceutical products, textiles, optic and medical equipment, rice and fruits can find a good market in Azerbaijan.

Similarly, Azerbaijan can export many products to Pakistan including tomato, hazelnuts, strawberries and other fruits, berries, vegetables, fruit juices, sauces and other preserves, cotton and cotton yarn, polymers and black fermented tea. He said that Azerbaijan has set up many industrial zones and Pakistani investors should explore them for JVs and investment. He highlighted potential sectors for investment in Azerbaijan including agriculture and...

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