Azerbaijan and Guinea have taken a step toward closer economic cooperation with the signing of a Memorandum of Understanding between Azerbaijan’s Ministry of Economy and Guinea’s Ministry of Planning, International Cooperation and Development.

“Within the framework of the Annual Meetings of the Islamic Development Bank Group, we met with Ismael Nabe, Minister of Planning, International Cooperation, and Development of the Republic of Guinea, and Facinet Sylla, Minister of Infrastructure, and noted the importance of expanding the legal framework for bilateral economic cooperation and unlocking the potential of business partnerships,” The Caspian Post reports via Azerbaijani Economy Minister Mikayil Jabbarov’s message on X.

"To further advance economic cooperation, a Memorandum of Understanding was signed between the Ministry of Economy and the Ministry of Planning, International Cooperation, and Development of Guinea. The document will support cooperation in trade, investment, and technology, as well as sustainable and inclusive development initiatives," he added.

The agreement is expected to pave the way for expanded collaboration in trade, investment, and sustainable development initiatives.