Azerbaijan, India eye cooperation
By Laman İsmayilova
The Finance Minister of India, Mr. Arun Jaitley met with the Finance Minister of Azerbaijan, Samir Sharifov in New Delhi on February 21.
The two ministers discussed measures for expanding bilateral cooperation between Azerbaijan and India, particularly in the area of trade and investment and exchange of trade and business delegations.
The discussions also dealt with the bilateral agreements being negotiated between the two sides, namely, Bilateral Investment Treaty and the Double Taxation Avoidance Agreement.
India and Azerbaijan enjoy close friendly relations based on historical links and growing bilateral cooperation. India’s ONGC-Videsh is an equity partner in Oil and Gas sector in Azerbaijan.
In 2017, India’s export to Azerbaijan has grown by more than 60 percent and total bilateral trade between India and Azerbaijan has reached around $460 million.
The two countries have growing cooperation in capacity building under the Indian Technical and Economic Cooperation (ITEC) programme which provides fully paid training programmes for Azerbaijani professionals and students in Indian institutions.
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Laman Ismayilova is AzerNews’ staff journalist, follow her on Twitter: @Lam_Ismayilova
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