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Minister of Finance of the Republic of Azerbaijan Samir Sharifov made a business visit to the Islamic Republic of Pakistan, the United Arab Emirates (UAE) and India on February 19-21***As of January 1st, 2018, the external public debt of the Republic of Azerbaijan constituted 9,398.3 million US dollars (equivalent 15,978.1 million manat). The Debt to the Gross Domestic Product ratio stands at 22.8 percent (based on 2017 GDP of AZN 70,135.1 mln)******

Finance Minister Samir Sharifov had conducted a business visit to Pakistan, United Arab Emirates and India

Finance Minister Samir Sharifov had conducted a business visit to Pakistan, United Arab Emirates and India

23.02.2018

Minister of Finance of the Republic of Azerbaijan Samir Sharifov made a business visit to the Islamic Republic of Pakistan, the United Arab Emirates (UAE) and India on February 19-21.
The Minister Sharifov met with Pakistani President Mammad Hussein on February 19. The Pakistani President stated that there is a great potential for economic cooperation and mutual trade between two countries and both countries should work together to benefit from these opportunities. He stressed that regular business meetings should be held to boost trade between two countries. For this purpose, Azerbaijan and Pakistan should establish joint ventures for activities in different regions.
M.Huseyn emphasized that both countries have a common position on key global and regional issues and support each other in international forums: "This is the embodiment of close and fraternal relations between two countries".
Samir Sharifov told that Azerbaijan intends to strengthen cooperation with Pakistan in all spheres, including various fields of economy.
On the same day Samir Sharifov talked with Pakistani Prime Minister Shahid Hakkan Abbasi and his country's Finance Minister Miftah Ismail to further expand economic cooperation.
On February 20, Finance Minister Samir Sharifov focused on further development of cooperation between two friendly countries in the field of joint investment, including financial matters with Dubai Emirate and UAE Finance Minister Sheikh Hamdan Bin Rashid Al Maktoum within the framework of his visit to the United Arab Emirates.
On February 21, Samir Sharifov met with Indian Finance Minister Arun Jaitley in New Delhi to discuss ways to expand bilateral cooperation between two countries, in particular trade and investment, trade and business delegations. The sides also exchanged views on bilateral agreements, bilateral agreements on investment and avoiding double taxation.