Attractiveness of South Caucasus to increase after opening of Zangazur corridor: Azerbaijani PM 

  28 October 2022    Read: 592
 Attractiveness of South Caucasus to increase after opening of Zangazur corridor: Azerbaijani PM 

Prime Minister of Azerbaijan Ali Asadov participated in the meeting of the Council of Heads of Government of the CIS (Commonwealth of Independent States) that was held in Astana, Kazakhstan on October 28, AzVision.az reports citing the Cabinet of Ministers. 

Before the meeting, Asadov and other members of CIS Council of Heads of State met up with President of Kazakhstan Kassym-Jomart Tokayev.

While speaking at the meeting, he noted that in the context of global social and economic challenges and the need to overcome their negative consequences, Azerbaijan attaches great importance to mutually beneficial partnerships within the CIS and the continuation of productive close contacts at the government level.

CIS has proven its worth as a useful format for interaction in many areas over the past years.

Asadov brought to the attention that Azerbaijan is actively participating in economic cooperation within the framework of CIS.

"Azerbaijan supports close economic ties with almost all countries' members. It's gratifying that as the COVID-19 pandemic weakens, Azerbaijan records an increase in its foreign trade with the CIS member states. Thus, the trade turnover increased by 30 percent this year," he said.

Asadov noted the key importance of cooperation in the transport sector. He said that Azerbaijan pays special attention to the transport field as an intensively developing and promising segment of the national economy.

The country is actively developing its transport potential, making a significant contribution to the implementation of such projects as North-South, East-West, the Trans-Caspian International Transport Route (TITR).

The new reality that has emerged in the region after the second Karabakh war has had a positive effect on building up economic and transport cooperation.

The end of the Karabakh conflict created new opportunities to achieve long-term peace and stability through the restoration of economic and communication ties, which will contribute to the expansion of economic cooperation, including between CIS countries.

Asadov once again reaffirmed the commitment of Azerbaijan to tripartite statements of November 9-10, 2020 and January 11, 2021, as well as the work of the tripartite Working Group on unblocking regional transport communications and the Commission on the delimitation and demarcation of the state border between Azerbaijan and Armenia.

He brought to the attention the fact that the attractiveness of the region will significantly grow after the opening of the Zangazur corridor, which will increase transit opportunities by several times and serve to strengthen the investment climate as a whole.

Azerbaijan allocated about $3 billion for the restoration of its liberated territories in 2021-2022, and active work is being carried out to return internally displaced persons to their native lands.


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