ISLAMABAD  -  The second session of the Joint Working Group on cooperation in the field of trade between Azerbaijan and Pakistan was held in Islamabad between October 11-12. The Azerbaijani delegation was headed by Rufat Mammadov, Deputy Minister of Economy of the Republic of Azerbaijan.

Both sides exchanged views on current cooperation in different fields for development, underlining the potential to enhance bilateral trade and economic relations. Azerbaijani side gave information on economic reforms being performed in Azerbaijan, especially in non-oil sector and manufacturing of non-oil competitive products, as well as potential of Azerbaijan, export missions realized to foreign countries and “Made in Azerbaijan” brand. Pakistani side invited Azerbaijan to invest in oil, gas, minerals and petrochemical sectors in Pakistan, being a market of 207 million people.

Both sides agreed to consider having Mutual Recognition Agreement to enhance trade of agricultural commodities, prepare trade promotion plans, enhance customs cooperation, facilitate business visas and also looked into possibilities of having direct flights between the two countries.

It was also agreed to enhance trade and strengthen bilateral trade relations through exchanging information on laws and regulations pertinent to imports and exports in both countries; encourage visits between business communities as well as the participation in fairs and exhibitions held in both countries.

The next meeting of the Joint Working Group will be held in Azerbaijan.

On 12th October 2018, the delegation held detailed deliberations at the Petroleum Division and Board of Investment to explore possibilities of cooperation in oil, gas and mineral sectors in Pakistan.