On the sidelines of Expo 2020 Dubai, the 8th session of Economic Commission of Economic, commercial and Technical Cooperation has been held in Dubai between UAE & Azerbaijan, in the presence of H.E Mr. Abdullah Elmarri, Minister of Economy of United Arab Emirates, H.E Mr. Michael gbarov, Minister of economy of Azerbaijan, and H.E Dr. Thany Bin Ahmed Elziody, Minister of Foreign Trade, besides more than 120 public officials, businessmen and representatives of private sector enterprises from the two countries.
During the meeting, the two parties signed a joint statement on the establishment a mutual business council, to increase trade exchanges & investment flows between UAE and Azerbaijan. They also approved a plan for promoting UAE investment in Azerbaijan free zone in order to strengthen communication among businessmen & investors of both countries. A new program for economic partnership has been launched to enhance economic ties between UAE & Azerbaijan in areas of trade, investment, entrepreneurship, tourism, and logistic services.