Qatar Seeks to Strengthen Economic Ties with Azerbaijan through Strategic Cooperation

Qatar is eager to elevate its economic relations with Azerbaijan to broader levels of strategic cooperation and intensify efforts to diversify investment areas in ways that benefit both countries, Qatari Minister of State for Foreign Trade Affairs Dr. Ahmed bin Mohammed Al Sayed said during the Qatar-Azerbaijan Joint Business Council meeting.

Al Sayed noted that the meeting reflects the belief of both sides in the importance of strengthening direct communication between businessmen in Qatar and Azerbaijan to open new horizons for trade and investment cooperation, The Caspian Post reports citing local media.

The minister of state indicated that economic relations between the two countries have witnessed remarkable growth over the past years. He pointed to the significant agreements signed between the two sides, which pave the way for the private sector to expand areas of cooperation, especially the economic, trade and technical cooperation agreement, the agreement on the promotion and protection of mutual investments, and the agreement on the avoidance of double taxation and the prevention of fiscal evasion.

He stressed that these agreements constitute basic pillars for facilitating business development and creating an attractive environment for investors.