Relations between Azerbaijan, Georgia at highest level
Political relations between Azerbaijan and Georgia are at a high level, cooperation has reached a strategic level, and relations are based on the principles of strong friendship, good neighborliness and mutual respect.
Azerbaijani Economy Minister Shahin Mustafayev made the remarks during the meeting with Georgian Ambassador to Azerbaijan Zurab Pataradze.
The minister stressed that the countries cooperate in various areas, including trade, energy, transport, investment, humanitarian, etc.
“Azerbaijan and Georgia are the main participants in large-scale projects Baku-Tbilisi-Ceyhan, Baku-Tbilisi-Kars, the Southern Gas Corridor. Azerbaijan has been the first in terms of investments in the Georgian economy since 2012. More than 300 companies with Georgian capital have been registered in Azerbaijan,” the minister stressed.
Pataradze, in turn, underlined the importance of reciprocal visits in the development of relations and shared his views on cooperation in the economic sphere.
Diplomatic ties between Azerbaijan and Georgia were established on November 18, 1992.
The two countries broadly cooperate in regional energy development, transportation and economic partnership projects such as BakuTbilisi-Ceyhan pipeline (BTC), KarsTbilisi-Baku railway (BTK), the TRACECA, the BSEC.
Georgian exports to Azerbaijan include cement, locomotives and other railway vehicles, mineral and chemical fertilizers, mineral waters, strong drinks, glass and glass wares, and pharmaceuticals, among other things.
Azerbaijani mainly exports to Georgia oil and petroleum products, natural gas, plastic wares, furniture and building constructions.
Azerbaijani President Ilham Aliyev during his meeting with Georgian Prime Minister Giorgi Kvirikashvili, which took place in March in Baku, noted that Azerbaijan is on the first place in terms of the volume of investments in Georgia, which indicates a high level of interstate relations between the two countries.
“We successfully cooperate in different fields. Azerbaijan is the first among the countries that invest in Georgia. Since 2012, we maintain this position. This shows the best investment climate in your country. In addition, this indicates that our relations are at a high level,” the head of state said.
The trade turnover between the states amounted to more than $584 million in the first half of the year.