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Joint UAE-Azeri ministerial meeting opens in Baku

posted on 27/05/2008: 714 views

The UAE and Azerbaijan began their first joint ministerial meeting in Baku yesterday with a host of economic issues high on the agenda.

The UAE side was headed by Sheikha Lubna Al Qasimi, Minister of Foreign Trade while the Azeri side was chaired by her counterpart Heydar Babayev.

At the outset of the meeting, Sheikha Lubna conveyed the greetings and well-wishes of President HH Sheikh Khalifa bin Zayed Al Nahyan to President Ilham Aliyev, saying that relations between the two countries have been growing steadily, thanks to the commitment of the two leaders.

Citing the composition of the UAE delegation, Sheikha Lubna underlined the keenness of the UAE to bolster economic and trade relations with Azerbaijan.

"The fact that we are here with a large delegation comprising key institutions of our economy is a strong evidence that the UAE is committed to long terms ties with Azerbaijan", said Sheikha Lubna.

She told the meeting that both countries shared a lot in common in terms of investments opportunities, business climate and free market economy.

"As you can see, your country has been able to attract some US$ 12 billion in foreign investment while the UAE stands closer to with US$ 19 billion of Foreign Direct Investments (FDIs) in 2006", she said. – Emirates News Agency, WAM


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