Azernews.Az

By Ayya Lmahamad

Azerbaijan attaches great importance to the development of relations with Japan, including those in the economic sphere, Azerbaijan Economy Minister Mikayil Jabbarov has said during the meeting with Japanese Ambassador Junichi Wada.

The sides noted the great potential for expanding cooperation between two countries in trade and economic sphere, transport and logistics, mining industry, agriculture, tourism, digital economy, public- private partnership and other spheres.

The meeting focused on expanding the legal framework, developing economic partnerships, investments, establishing joint ventures and other issues of mutual interest.

Moreover, the minister briefed ambassador about Armenia’s aggression policy towards Azerbaijan and recent military provocations, and counter-attack operations carried out by Azerbaijan in its territory within the framework of international and humanitarian law. It was underlined that the occupation of Nagorno-Karabakh and adjacent regions of Azerbaijan by Armenian armed forces is a real threat to regional peace and security.

In turn, ambassador noted that Japan is interested in expanding cooperation with Azerbaijan and will make every effort to develop economic ties.

It should be noted that the trade turnover between Azerbaijan and Japan amounted to $133.4 million during the period of January-August 2020. Of total turnover, export accounts for $2.4 million and import for $130.9 million.

Earlier it was reported that Japan will invest $40 million in tobacco growing in Azerbaijan.

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