Azerbaijan, China strengthen investment ties at joint conference Photo

Baku and Beijing have taken significant steps towards enhancing their economic collaboration, as officials from both nations met during a pivotal conference on industrial and investment cooperation.

The event, aimed at fostering Azerbaijani-Chinese partnerships, saw a notable gathering of nearly 200 businesses from both sides, Caliber.Az reports.

Yusif Abdullayev, Executive Director of Azerbaijan's Export and Investment Promotion Agency (AZPROMO), met with  Wu Hongliang, deputy director-general of the department of foreign capital and overseas investment of the NDRC.

The discussions underscored the importance of continued cooperation between the two countries, with a focus on attracting Chinese investments to Azerbaijan.

The event was hailed as a crucial platform for advancing the Azerbaijani-Chinese investment relationship, and a Memorandum of Understanding signed between AZPROMO and NDRC is expected to significantly boost Chinese investments in Azerbaijan’s growing economy.

By Aghakazim Guliyev