Levan Davitashvili, the First Vice Prime Minister and Minister of Economy of Georgia, on Friday said Azerbaijan was Georgia’s “most important, strategic economic partner”, noting the two countries enjoyed “robust cooperation” that extended “beyond just trade relations,” Georgian media reported.
“In terms of trade relations, Azerbaijan is among the top ten trade partners, and we collaborate closely in various areas. During today's economic session, we discussed specific projects and the results we achieved in 2024”, Davitashvili said following the 10th session of the Georgia-Azerbaijan Intergovernmental Commission on Economic Cooperation in Baku.
He said during the session the parties discussed a “broad range” of trade and economic relations between the two countries, including topics of cooperation in tourism, transport, energy and technology.
The Minister also noted a “positive trend” in economic dynamics across “all areas of collaboration”, emphasising the importance of joint energy projects and potential for growth in renewable energy initiatives.
“We are collaborating on renewable energy projects as part of the construction of the Green South Caucasus Corridor. This initiative represents a new strategic direction for our multi-year cooperation, where we anticipate significant progress and growth. We have discussed this matter in detail”, Davitashvili said.
“Both countries are also actively working on developing the digital economy. Georgia and Azerbaijan have great potential to become significant digital hubs. This development will not only enhance this specific sector of the economy but also facilitate digital transformation and improve the competitiveness of various industries,” he added.
The Ministry said investment was also high on the agenda of the Georgian Government delegation’s visit to Baku, with Davitashvili noting Azerbaijan had invested nearly $3 billion across economic sectors in Georgia. The Minister added investments were “diversified in different areas”, hinting at “new prospects” for joint ventures and additional investments.
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