Baku: Azerbaijani President Ilham Aliyev announced that efforts are underway to establish joint ventures with China, marking the beginning of significant collaborative work between the two nations. During an interview with local television channels, President Aliyev highlighted the recent developments in Azerbaijan-China relations, particularly the signing of two key documents that have significantly boosted bilateral economic relations within a year.
According to Azerbaijan State News Agency, President Aliyev emphasized the growing economic ties, noting that trade volume between Azerbaijan and China has surpassed 4 billion dollars. He also pointed out the active investments by Chinese companies in various sectors in Azerbaijan, including renewable energy and transportation, which are pivotal to the country’s economic growth and diversification.
President Aliyev underscored China’s recognition of Azerbaijan as a priority partner in the region, revealing that military-technical cooperation has commenced based on political agreements. He mentioned that this cooperation was partly showcased during a recent military parade, indicating it as just the starting point of a broader collaboration. Furthermore, he noted that Azerbaijan is not just focused on acquiring military equipment but is also committed to establishing joint ventures with China, with initial steps already taken in this direction.