Azerbaijan, US Discuss Middle Corridor Opportunities

Azerbaijan's Minister of Economy Mikayil Jabbarov held a meeting with representatives of the US Certified Trade Mission on the Middle Corridor.

It was noted that the discussions held and documents signed at the August 8 Washington summit, attended by the Presidents of Azerbaijan and the United States as well as the Prime Minister of Armenia, opened new prospects for Azerbaijan-US relations, while the project ensuring unhindered movement to the Nakhchivan Autonomous Republic was highlighted as being of strategic importance, The Caspian Post reports, citing the Ministry of Economy.

The sides emphasized the importance of expanding the Azerbaijan-US strategic partnership through diversifying trade and energy routes along the Middle Corridor and increasing economic benefits for the countries of the region.

The meeting underlined Azerbaijan’s crucial role as a transport and transit hub, as well as the initiatives and infrastructure projects implemented to boost trade flows between Europe and Asia. It was also noted that strategic ties with Central Asian countries are being strengthened in this direction.

The discussions further addressed Azerbaijan’s role in Europe’s energy security, particularly the strategic importance of renewable energy projects being developed and transmitted to Europe.

The meeting also focused on introducing US private sector representatives to Azerbaijan’s trade, energy, infrastructure, and logistics opportunities, assessing prospects for cooperation in these areas, and establishing new partnerships. US companies were invited to take advantage of the favorable business and investment environment available in Azerbaijan.