By Alish Abdulla
SHUSHA, Azerbaijan, July 2. About 4,000
applications have been received from companies wishing to do
business in Azerbaijan’s Karabakh to date, the Executive Director
of the Azerbaijani Export and Investment Promotion Agency
(AZPROMO), Yusif Abdullayev, told reporters at the Business Forum
of the Economic Cooperation Organization (ECO) in Shusha, Trend’s Karabakh bureau
“The opinion of the ECO secretary general regarding the wide use
of the Shusha Business Forum as a platform is very important to us.
This platform can be used in terms of broader opportunities. In
2025, our trade turnover with ECO member countries amounted to $1.5
billion. Over the past 30 years, the volume of investments from ECO
countries to Azerbaijan amounted to $5 billion. The potential is
much greater. We have provided detailed information to the
participants on this matter,” Abdullayev explained.
He added that the new ‘road map’ proposed by the ECO Secretary
General is related to identifying the potential of trade promotion
agencies and institutions operating in this area.
“Today, logistics, one of the main sectors of world trade, is
becoming more expensive. We must be prepared for new challenges. In
the action plan that we will prepare, one of the main components
during the discussions of the chambers of commerce of the member
countries should be the solution of logistics problems,” the
executive director also said.
According to Abdullayev, more than 100 entrepreneurs from ECO
member countries are taking part in the event in Shusha today.
“Proposals have been made for ECO members to actively
participate in projects being implemented in Karabakh. To date,
about 4,000 applications have been received from local and foreign
companies wishing to do business in Karabakh. Having assessed these
opportunities, we want to increase the number of these requests,”
he concluded.
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