Pakistan-Azerbaijan to launch trade houses, Chamber of Commerce

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MG News | January 28, 2025 at 12:40 PM GMT+05:00

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January 28, 2025 (MLN): Pakistan and Azerbaijan collaborate to deepen economic ties by establishing Azerbaijan Trade Houses in Islamabad, Lahore, and Karachi, as well as launching the Joint Chamber of Commerce and Industry.

This was discussed during a meeting between Federal Minister for Commerce Jam Kamal Khan and Azerbaijan’s Ambassador to Pakistan, Khazar Farhadov.

The discussion focused on preparations for Prime Minister Shehbaz Sharif’s state visit to Azerbaijan, according to the press release issued.

The meeting aimed to create long-term partnerships and explore new avenues for trade and investment.

Exploring trade opportunities, Minister Jam Kamal Khan suggested importing cotton from Azerbaijan for processing in Pakistan, with plans to export high-end garments to Cambodia.

The Ambassador offered to connect Pakistan with Azerbaijan’s leading cotton producers and highlighted mutual trade opportunities in agriculture and technology.

The Minister proposed organizing a business-to-business (B2B) forum during the Prime Minister’s visit, followed by a single-country exhibition in Azerbaijan later this year, possibly in July, to gauge the response to the PTA.

Both sides celebrated the doubling of trade volume compared to the previous year and emphasized building on this momentum.

The Minister invited Azerbaijan to participate in the upcoming Foodag exhibition in Lahore, while the Ambassador reaffirmed Azerbaijan’s commitment to establishing strong trade and investment links by sharing contacts of prominent businesses.

The meeting concluded with a shared commitment to achieving successful outcomes, prioritizing the establishment of the Trade House and Chamber of Commerce as cornerstones of bilateral trade relations.

Copyright Mettis Link News

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