Transport issues on agenda of Azerbaijan, UAE cooperation
Transport issues were on the agenda during the latest visit of Azerbaijani Minister of Transport, Communications and High Technologies Ramin Guluzade to the UAE, where he held a meeting with Minister of Infrastructure Development of the UAE Abdullah bin Mohammed Belhaif Al Nuaimi.
The sides discussed the strengthening of bilateral relations between the UAE and Azerbaijan, in particular, in the field of infrastructure and transport.
Al Nuaimi touched upon the achievements of the UAE in the field of infrastructure and transport and plans to become one of the leading countries of the world by 2021.
He also highly appreciated the common bilateral relations between the two countries, stressing the importance of sharing experience in the field of infrastructure and transport.
Guluzade, in turn, spoke about the successes of Azerbaijan and new projects that contribute to the development of infrastructure and transport in the country.
The UAE has recognized the independence of Azerbaijan in December, 1991, while diplomatic relations between the states were established in September, 1992.
Azerbaijan and the UAE enjoy friendly relations and are keen to deepen economic cooperation.
To date, more than 250 companies from the UAE work in Azerbaijan. The UAE-Azerbaijan Joint Economic Committee previously said both countries were to focus on nine key areas for bilateral cooperation, including air transport, tourism, communications, environment, water, agriculture, renewable energy, modern technology and industry.
Azerbaijan mainly imports hightech products, electronics, industrial goods and building materials from the UAE and exports to the UAE fruits, juices, nuts, metal semi-finished products and so on.
According to the Azerbaijani State Customs Committee, the trade turnover between Azerbaijan and the UAE amounted to $28.457 million in January-July 2018, which is 67 percent more than in the same period of 2017.
At the same time, exports from Azerbaijan to the UAE amounted to $12.317 million (an increase of 58.8 percent), while imports - $16.139 million (by 73.8 percent).