Trade turnover between Azerbaijan, Malaysia surges by 60% in January-August 2024

Azerbaijani Minister of Labour and Social Protection of Population Sahil Babayev has said that the trade turnover between Azerbaijan and Malaysia surged by 60 per cent in the first eight months of 2024 compared to the same period of last year.

Babayev made these remarks during the event in honour of Malaysia's National Day, Caliber.Az reports via local media.

He emphasised that the political and diplomatic relations between Azerbaijan and Malaysia are at a very high level.

"Azerbaijan collaborates with Malaysia within various international organisations. The strong political ties between our two countries create opportunities for enhancing economic cooperation. A 60 per cent increase in trade turnover over the first eight months of 2024 demonstrates a significant upward trend," he noted. 

He also noted that the number of tourists traveling to Azerbaijan from Malaysia is growing year by year.

"Azerbaijan is well-prepared for COP29, with a big delegation expected from Malaysia. This will create new opportunities for further cooperation between our countries," the minister added.

By Naila Huseynova