Collaboration between Jabbarov and EU Commissioner reinforces economic and transportation links
In a recent meeting, Azerbaijan's Minister of Economy, Mikayil Jabbarov, and EU Commissioner for Enlargement and Neighborhood, Marta Kos, discussed the potential for expanding cooperation between Azerbaijan and the European Union. The focus of the discussion was the EU's 'Global Gateway' initiative, a significant strategy that encompasses various sectors such as energy, the digital economy, transport, and the private sector.
The meeting touched upon the potential investment opportunities within the 'Global Gateway' initiative. Both parties expressed their satisfaction with the successful ties in the fields of energy and investment that currently exist between them. The discussion also included a draft financing agreement between Azerbaijan and the European Commission, pertaining to a project supporting demining, water resource management, and the sustainable development of the transport sector.
The 'Global Gateway' initiative was highlighted as a key area for potential collaboration in the transport sector. The potential for expanding collaboration in this area was underlined, with both parties recognising the importance of enhancing transport infrastructure for mutual benefits.
The meeting also covered the impact of the 'Global Gateway' initiative on various sectors. Discussions included its potential implications for Azerbaijan, particularly in relation to energy, digital economy, transport, and the private sector. The sides exchanged views on these matters, aiming to identify investment opportunities and further strengthen their economic cooperation.
The European Union, being one of Azerbaijan's key foreign trade partners, is committed to fostering this relationship. The meeting concluded with both parties expressing their commitment to working together to realise the potential benefits that the 'Global Gateway' initiative offers for both parties.
In summary, the meeting between Mikayil Jabbarov and Marta Kos was a significant step towards strengthening the economic ties between Azerbaijan and the European Union. The discussion focused on the 'Global Gateway' initiative, a strategy that both parties believe has the potential to bring about significant benefits in various sectors, including energy, the digital economy, transport, and the private sector. The conclusion of a financing agreement for a project supporting demining, water resource management, and the sustainable development of the transport sector between Azerbaijan and the European Commission is a testament to this commitment.
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