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Azerbaijan, Kuwait prepare deals on cooperation

8 December 2016 11:00 (UTC+04:00)
Azerbaijan, Kuwait prepare deals on cooperation

By Amina Nazarli

Azerbaijan and Kuwait are drafting several agreements on the development of cooperation in the sectors of information and communication technologies (ICT), transportation, finance, humanitarian and others.

Some of these agreements maybe signed as part of the third session of the inter-governmental commission on trade, economic, as well as scientific and technological cooperation, which will probably be held in 2017, Elkhan Gahraman, Azerbaijani ambassador to Kuwait told Trend.

The envoy said that in accordance with the rotation principle, the next meeting will be held in Kuwait, but the exact dates of the meeting are not known yet.

The previous meetings of the commission were held in 2011 and 2013 in Kuwait and Azerbaijan. The two sides signed more than 10 intergovernmental documents on bilateral cooperation after the two previous meetings.

To boost cooperation in various spheres between the two countries, it is planned to carry out a number of mutual visits of government delegations, Gahraman added.

Baku and Kuwait, which established diplomatic relations since 1994 are bond with traditional, historical, religious and cultural ties, as well as the geographical position.

Among the Gulf countries, Kuwait is a country that is located closer to Azerbaijan.

Recently, Azerbaijan and Kuwait signed an intergovernmental agreement on air communication, aiming to remove obstacles for opening of air links between the two countries, which will contribute to further development of bilateral economic and cultural relations between the two sides.

The opening of direct flights between Azerbaijan and Kuwait is expected to lead to a significant increase in trade relations between the two states.

Kuwaitis also show great interest in creation of farms, renting of large areas for breeding cattle in Azerbaijan. Investors of Kuwait already invested in Azerbaijan’s economy and chose agriculture and favorable recreational tourist areas as priority directions.

The trade turnover between Azerbaijan and Kuwait in January-September 2016 amounted to $2.96 million, according to the State Statistics Committee of Azerbaijan.

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Amina Nazarli is AzerNews’ staff journalist, follow her on Twitter: @amina_nazarli

Follow us on Twitter @AzerNewsAz

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