Azerbaijan, China boost talks on IoT, digital economy cooperation

The Centre for Analysis and Coordination of the Fourth Industrial Revolution under Azerbaijan’s Economy Ministry has said that Azerbaijan and China are advancing discussions on potential cooperation in the fields of the Internet of Things (IoT) and digital economy development.

The dialogue was held via videoconference between Fariz Jafarov, Executive Director of the Centre for Analysis and Coordination of the Fourth Industrial Revolution, and Xuming HE, Founder and Chairman of the World Internet of Things Convention (WIOTC), Caliber.Az reports, citing local media.

The meeting served as a follow-up to a Memorandum of Understanding signed by the two parties in April in Beijing, aimed at fostering strategic cooperation. Both sides exchanged views on implementing the MoU's key provisions, including launching joint projects, encouraging Azerbaijani stakeholders to join WIOTC, and promoting knowledge-sharing in IoT development and application. Discussions also covered broader prospects for collaboration to support Azerbaijan’s transition to a digital economy.

The Centre for Analysis and Coordination of the Fourth Industrial Revolution carries out cooperation between the Republic of Azerbaijan and international organisations operating in the field of the Fourth Industrial Revolution, as well as analyses and coordinates challenges, initiatives, strategies and projects related to digital economy. The main objective of the entity is to make the most of the opportunities created by the Fourth Industrial Revolution and to ensure the leading role of our country in the field of emerging technologies.

By Naila Huseynova