Azerbaijan and Great Britain will expand cooperation in trade, investment, energy and transport, and will also support the development of the Middle Corridor.
Modern.az reports that the issue in question is reflected in the joint declaration on Strategic Partnership between the Republic of Azerbaijan and the United Kingdom of Great Britain and Northern Ireland.
The countries jointly accept their ambitions to expand and deepen bilateral trade and investment relations, as well as to promote sustainable, inclusive and diversified economic growth.
They will strengthen cooperation in the fields of economy, trade and investment by facilitating long-term commercial partnerships, knowledge exchange and interoperability across priority sectors, including renewable energy, infrastructure and services, as well as promoting business-to-business links that create jobs, skills and value in both economies.
Participants emphasize the importance of regional and international connections and will support the development of the Middle Corridor, as well as transport, logistics and infrastructure projects that facilitate cross-border trade and investments.
They will cooperate on clean energy transition, including the development of renewable energy, green financing and low-carbon technologies, with the aim of supporting climate change resilience, sustainability and progress towards net-zero targets, as well as energy security.
Participants will explore opportunities to deepen cooperation in financial and capital markets through dialogue between relevant bodies and financial institutions to support sustainable investment, trade finance, SME growth and green financing.
They will facilitate knowledge exchange and institutional cooperation that strengthens the resilience, transparency and access to international markets of the financial sector, in accordance with their respective laws and regulations.
