Azerbaijan, UAE Set Up Joint Business Council

A Joint Business Council has been established between Azerbaijan and the United Arab Emirates (UAE).

In this context, a Memorandum of Understanding was signed between Azerbaijan's Agency for Small and Medium Business Development (KOBIA) and the Federation of Chambers of Commerce and Industry of the UAE, The Caspian Post reports, citing local media.

The Council aims to strengthen and develop economic relations between the two countries by promoting collaboration between their business communities, with a particular focus on expanding trade, investment, and industrial cooperation.

This new platform is designed to foster economic growth by creating opportunities for businessmen to explore investment possibilities, implement joint projects, and enhance exports.

The Business Council will be led by co-chairs from both countries and will include companies operating across various economic sectors.