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Azerbaijan, Armenia Seek to Strengthen Economic, Trade Cooperation

(MENAFN) Leaders of Azerbaijan and Armenia have agreed to explore further opportunities to boost bilateral trade and economic collaboration during talks in Abu Dhabi on Wednesday. The discussions took place between Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan.

According to a statement from Azerbaijan’s presidency, the leaders welcomed progress in implementing the outcomes of their Washington, DC summit in August last year, which was observed by US President Donald Trump. Both sides emphasized the importance of sustaining positive momentum in advancing the Azerbaijan-Armenia normalization process on a bilateral basis, noting that their societies are beginning to experience “real benefits of peace on the ground.”

“They expressed satisfaction with the start of bilateral trade and ongoing export of oil products from Azerbaijan to Armenia, as well as the transit of grain and other goods from third countries to Armenia through the territory of Azerbaijan,” the statement added.

The two leaders also agreed to continue exploring ways to expand trade and economic ties, welcomed reciprocal visits by civil society representatives, and highlighted the need to broaden confidence-building measures.

Aliyev and Pashinyan further discussed the implementation of the Trump Route for International Peace and Prosperity (TRIPP) project along with other connectivity initiatives.

The statement concluded that the leaders “reaffirmed their readiness to continue working toward the further strengthening of peace and stability between their countries and agreed to maintain contacts in support of the bilateral normalization process.”

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