Rome:Azerbaijan and Italy have taken significant steps to expand their economic cooperation, marked by the signing of a Joint Statement on strategic partnership in the field of critical raw materials. This development occurred during a working visit by an Azerbaijani delegation led by Mikayil Jabbarov, the Minister of Economy, to Italy. The delegation attended an event titled ‘Italy-Azerbaijan Strengthening Economic and Industrial Cooperation’.
According to Azerbaijan State News Agency, the event was attended by notable figures including Antonio Tajani, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of Italy, and Adolfo Urso, Minister of Enterprises and Made in Italy, among other officials.
The discussions at the event focused on Azerbaijan’s investment opportunities and potential new areas for economic collaboration. These areas include cooperation in critical minerals, mining and metallurgy, artificial intelligence, and data centers, as well as the application of Italian technologies within Azerbaijan’s industrial sector. Azerbaijani companies presented projects demonstrating practical opportunities for expanding business ties and advancing joint investment initiatives.
The Joint Statement was signed by Azerbaijani Economy Minister Mikayil Jabbarov, Italian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Antonio Tajani, and Minister of Enterprises and Made in Italy Adolfo Urso. The agreement aims to enhance industrial cooperation by integrating Azerbaijan’s resource potential with Italy’s technological expertise, opening new opportunities for joint initiatives to develop processing capacities and produce high-value-added products.