Exciting news from Baku, Azerbaijan! President Ilham Aliyev has given his approval to a series of agreements signed with Pakistan, aiming to strengthen trade and economic relations between the two nations. These agreements include the “Agreement on Preferential Trade,” the “Agreement on Transit Trade,” and the “Agreement on Air Services,” all signed in Islamabad on July 11, 2024.
The preferential trade agreement will reduce tariffs and customs duties on specific products, promoting smoother bilateral trade and opening new markets. The transit trade agreement will enhance trade routes between Europe, Central Asia, South Asia, and China through Azerbaijan and Pakistan. Moreover, the air services agreement aims to expand direct flights between the two countries, boosting tourism, business, and cultural exchanges.
This strategic collaboration is set to increase trade volumes, improve access to international markets, and deepen economic cooperation. President Aliyev’s approval highlights the commitment of both Azerbaijan and Pakistan to fostering strong diplomatic ties and driving mutual growth and development.
Exciting times lie ahead for Azerbaijan and Pakistan!