Baku, Azerbaijan, April 23. As part of the
state visit of the President of the Republic of Azerbaijan Ilham
Aliyev to the People’s Republic of China, the parties signed a
series of strategic agreements on April 23, with the participation
of both heads of state, the Ministry of Economy of Azerbaijan told
Trend.
According to the ministry, multiple agreements were inked
between Economy Minister Mikayil Jabbarov and leaders of China’s
relevant state institutions, focusing on key sectors including
industry, trade, and digital economy.
The Ministry of Economy of the Republic of Azerbaijan and the
Ministry of Industry and Information Technology of the People’s
Republic of China signed a Memorandum of Understanding on
industrial cooperation. The agreement outlines measures aimed at
expanding collaboration across key industrial sectors, including
oil and gas, renewable energy, chemicals, metallurgy, mining,
textiles, automotive manufacturing, construction materials,
pharmaceuticals, and food production. Additionally, the memorandum
emphasizes joint efforts in mitigating climate change through
industrial development, improving waste management practices,
advancing digitalization in the sector, and implementing
technologies associated with the Fourth Industrial Revolution.
Another memorandum was signed between Azerbaijan’s Ministry of
Economy and China’s Ministry of Commerce to deepen bilateral trade
cooperation. It outlines initiatives for strengthening coordination
between industrial organizations, developing support mechanisms for
suppliers and buyers, organizing trade fairs, exhibitions, and
other promotional activities.
As part of the growing strategic partnership between Azerbaijan
and China, the Ministry of Economy of the Republic of Azerbaijan
and the Ministry of Commerce of the People’s Republic of China
signed a Memorandum of Understanding (MoU) aimed at strengthening
investment cooperation in the digital economy. The agreement
outlines collaborative efforts to identify priority areas in the
digital sector, foster the development of innovative business
models, jointly promote digital economy growth, support
technological advancements, and establish a favorable ecosystem for
digital investments in both countries.
In a parallel initiative, the Ministry of Economy of Azerbaijan
and China’s National Information Administration signed an MoU
focused on enhancing cooperation in the digital economy. This
document emphasizes support for collaboration between institutions
and research bodies in the field of information and communication
technologies (ICT), as well as Azerbaijan’s participation in
international exhibitions held in China, alongside other strategic
partnership initiatives.
Additional agreements aimed at deepening bilateral economic
relations, particularly in the field of investment, were signed on
April 17 in Beijing during the China-Azerbaijan Industry and
Investment Cooperation Promotion Conference. The event was jointly
organized by the Export and Investment Promotion Agency of
Azerbaijan (AZPROMO), the Azerbaijani Trade Representative’s Office
in China, and the National Development and Reform Commission of
China (NDRC), with support from the Beijing Municipal Development
and Reform Commission. The combined value of the signed investment
projects is estimated at $335 million.
Within the framework of the China-Azerbaijan Industry and
Investment Cooperation Promotion Conference held in Beijing,
Azerbaijan and China signed a series of Memoranda of Understanding
(MoUs) aimed at expanding bilateral economic ties. These agreements
reflect the growing strategic partnership between the two countries
and the shared commitment to long-term cooperation across key
industrial sectors.
The Small and Medium Business Development Agency of Azerbaijan
(SME) signed an MoU with the International Cooperation Center of
China’s National Development and Reform Commission (NDRC), while
the Center for Analysis and Coordination of the Fourth Industrial
Revolution (C4IR) formalized cooperation with both the China
Academy of Information and Communication Technology (CAICT) and the
World Internet of Things Convention Organization (WIOTC). The
Export and Investment Promotion Agency of Azerbaijan (AZPROMO) also
signed an MoU with the NDRC’s International Cooperation Center,
reinforcing its engagement with China’s leading development
institutions.
In addition, AZPROMO entered into multiple agreements with
Chinese companies to develop key production capacities. These
include the production of notebooks with Shenzhen Hasee, pipes with
Zhongjing United (Beijing) Trading Co., Ltd., textiles with
Shandong Huafang Co., Ltd., tractors with Changzhou Dongfeng
Agricultural Machinery Group Co., Ltd, and cardboard with Vencou
Vanhong. Another MoU was signed with Sino-Foreign for the
implementation of a range of investment projects.
A separate agreement of intent was signed between the Economic
Zones Development Agency of Azerbaijan (IZIA) and Vencou Vanhong to
launch a cardboard manufacturing project in the Sumgayit Chemical
Industrial Park. The project is currently in the financial and
technical justification phase, signaling the beginning of an
in-depth planning process.
Further collaboration was cemented between Improtex and
Changzhou Dongfeng Agricultural Machinery for a tractor production
initiative, while Azeraluminium LLC reached a cooperation agreement
with China Machinery Engineering Corporation (CMEC) for the
implementation of investment projects. This agreement also includes
financial support from Chinese banking institutions, which is
expected to boost industrial growth in Azerbaijan.
The implementation of these newly signed agreements will
significantly contribute to the expansion of bilateral trade and
industrial collaboration, serving as a cornerstone for further
economic integration. These efforts are being coordinated under the
Azerbaijan-China Intergovernmental Commission on Trade and Economic
Cooperation, which last convened in Baku on April 16.
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