QC & Azerbaijani SMBDA establishes Qatar-Azerbaijan Business Council

By Shilpa Annie Joseph, Official Reporter
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Qatar-Azerbaijan Business Council establishment
Officials foam Qatar Chamber & SMEs Business Development Agency of Azerbaijan during the signing event.

Qatar Chamber (QC) and the SMEs Business Development Agency of Azerbaijan (SMBDA) have signed a memorandum of understanding (MoU) to establish the Qatar-Azerbaijan Joint Business Council.

The Qatar-Azerbaijan Joint Business Council aims to assist in setting up direct partnership links between business entities of both countries.

Furthermore, the Council aims to support the setting up of joint ventures and other forms of mutually beneficial cooperation.

Speaking at the occasion, the Minister of Economy of Azerbaijan Mr. Mikayil Jabbarov lauded the special relations both countries enjoy, noting that Azerbaijan is eager to further develop its relations with Qatar in all fields, especially in energy and trade.

Mr. Jabbarov said that his country is full of investment opportunities that attract Qatari investors, calling on Qataris to get acquainted with and benefit from these opportunities.

According to the statement, “The Council also aims to assist in organizing visits, meetings, seminars, and round tables, participating of businesses in exhibitions and fairs held in both countries, and assist in exchanging and disseminating commercial, trade and economic information that could be helpful in economic relations between Qatar and Azerbaijan.”

QC board member Mr. Ali Abdullatif Al Misnad stressed the importance of this agreement between both parties in enhancing economic and commercial cooperation between both countries, expanding cooperation between business communities, and exchanging mutual visits between representatives of the private sector in both countries, as well as supporting initiatives of business entities in the fields of the development of bilateral trade and economic cooperation.

Mr. Al Misnad also assured the agreement’s importance in facilitating the establishment of economic and commercial partnerships between Qatari and Azerbaijani private sectors and exploring new areas of cooperation between them for the benefit of both economies.

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