Azernews.Az

By Nazrin Gadimova

The next meeting of the Azerbaijan-Japan Intergovernmental Commission on Economic Cooperation will be held in Tokyo on February 26, Azerbaijan's Communications and Information Technologies Ministry reported.

The Azerbaijani delegation will be headed by Deputy Prime Minister Abid Sharifov, while the Communications and Information Technologies Ministry will be represented by Deputy Minister Iltimas Mammadov.

The delegation plans to discuss prospects of cooperation with Japan in the different branches of the economy, including cooperation in the field of ICT.

Azerbaijan considers cooperation with Japan in the field of high technology, particularly in the field of manufacture of innovative production, with their further entering the regional markets, the ministry said.

Until now, Japanese companies were involved mainly in projects in the energy sector, but in recent years their interest to cooperate in areas such as petrochemicals, oil refining, energy, medicine, high-tech and space industry has increased.

The diplomatic relations between Azerbaijan and Japan were established in 1992.

Relations between the two countries continue developing. Thus, Japan was one of the first countries to support Azerbaijan's forward-looking oil strategy. Today two major Japanese companies Itochu and Impex are involved in the Contract of the Century. Leaders of Japanese business, Mitsubishi, Mitsui, Marubeni, and Sojits are involved in the energy and infrastructure projects in the country.