Azerbaijan, Spain Sign MoU on Strategic Economic Cooperation

Azerbaijan’s Minister of Economy Mikayil Jabbarov met with María Amparo López Senovilla, Spain’s Secretary of State for Trade, to discuss prospects for strengthening economic cooperation between the two countries.

During the meeting, the parties emphasized the significance of the Azerbaijan-Spain business forum and the inaugural meeting of the Strategic Economic Dialogue, both held today, in fostering collaboration between business communities, The Caspian Post reports, citing the Azerbaijani Ministry of Economy.

Minister Jabbarov reaffirmed Azerbaijan’s commitment to deepening ties with Spain, underscoring the importance of ongoing meetings and discussions in this regard. The sides also exchanged views on how the first Strategic Economic Dialogue between Azerbaijan and Spain could support business entities and enhance bilateral economic engagement.

As part of the meeting, Azerbaijan’s Ministry of Economy and Spain’s Ministry of Economy, Commerce and Business signed a Memorandum of Understanding on Strategic Economic Cooperation.

The implementation of this agreement is expected to promote diversified collaboration, strengthen bilateral business ties, enhance investment flows, and facilitate technology and knowledge transfer, expertise exchange, and joint initiatives.