China and Azerbaijan have taken a significant step toward bolstering economic collaboration, with 13 new cooperative projects signed at the recent China-Azerbaijan Industry and Investment Cooperation Promotion Conference in Beijing. The agreements span sectors including the digital economy, aluminum production, and agricultural machinery manufacturing, underscoring both nations' commitment to diversified growth.
Azerbaijan's Ambassador to China, Bunyad Huseynov, highlighted the strength of bilateral trade ties during the event, noting that Azerbaijan is China's largest trading partner in the South Caucasus region, while China ranks as Azerbaijan's fourth-largest trading partner and primary source of imports. 'Azerbaijan attaches great importance to deepening cooperation with China,' Huseynov said, emphasizing mutual strategic interests.
The partnership is set to gain further momentum with Azerbaijani President Ilham Aliyev's state visit to China from April 22 to 24. Chinese officials confirmed that discussions will focus on expanding collaboration across infrastructure, technology, and energy, aiming to chart a long-term roadmap for bilateral relations. A spokesperson from China's Foreign Ministry stated, 'This visit will deepen our strategic partnership and bring tangible benefits to both peoples.'
Analysts suggest the cooperation reflects broader trends of Asian economic integration, with Azerbaijan serving as a key node in transcontinental trade routes. For global investors, the projects signal emerging opportunities in Central Asia's evolving markets.
Reference(s):
cgtn.com