Tajik capital hosts Tajikistan-Azerbaijan investment forum next week

A Tajikistan-Azerbaijan Investment forum will take place in Dushanbe on April 4, on the sidelines of a state visit of Azerbaijan President Ilham Aliyev to Tajikistan, according to the State Committee on Investment and State-owned Property Management of Tajikistan (GosKomInvest). An official source within the GosKomInvest says more than 150 people from both sides, including senior representatives of relevant ministries and agencies as well as entrepreneurs will participate in the forum, which is aimed at promoting search for investment opportunities in sectors like industry, energy, tourism and transportation. A number of cooperation documents are expected to be signed between public and private sector entities of the two countries on the margins of the forum. According to data from the Agency for Statistics under the President of Tajikistan, a two-way trade between Tajikistan and Azerbaijan last year valued at 6.2 million US dollars, which is only 0.008 percent of Tajikistan's foreign trade turnover in 2022. This consisted of Tajikistan's exports to Azerbaijan estimated at only 401.2 US dollars and Tajikistan's imports from Azerbaijan worth 5.814.7 million US dollars. Diplomatic relations between Tajikistan and Azerbaijan were established on May 29, 1992 by the exchange of notes on the establishment of diplomatic relations. Azerbaijan's Embassy has functioned in Dushanbe since September 22, 2007 and the Embassy of Tajikistan has functioned in Baku since March 23, 2008. Since the establishment of diplomatic relations, relations between Tajikistan with Azerbaijan have been developing in the spirit of mutual respect. Tajikistan and Azerbaijan are partners at the international level in the framework of such organizations such UN, OSCE and CIS. Currently Tajik-Azerbaijani legal foundation include more than 30 agreements and treaties, including the Agreement on Friendship and Cooperation between Republic of Tajikistan and the Republic of Azerbaijan dated March 16, 2007.

Source: Asia Plus