Pakistan, Azerbaijan agree to boost economic cooperation

ISLAMABAD, Pakistan: Prime Minister Nawaz Sharif and the President of Azerbaijan Ilham Aliyev held a meeting in Islamabad on Tuesday on the sidelines of 13th Economic Cooperation Origination (ECO) Summit.


During the meeting, the prime minister warmly welcomed the Azerbaijan’s president to the 13th ECO Summit and thanked for the cordial hospitality extended to him during his last visit to Baku in October 2016.

Both the leaders reviewed the decision taken during the prime minister’s visit and expressed satisfaction at the progress of implementation of those decisions.

Prime Minister Nawaz Sharif and President of Azerbaijan Ilham Aliyev during one-on-one meeting held at PM House in Islamabad on February 28, 2017.
Prime Minister Nawaz Sharif and President of Azerbaijan Ilham Aliyev during one-on-one meeting held at PM House in Islamabad on February 28, 2017.

The two sides agreed to increase efforts to attain the optimum level of economic cooperation and agreed that the two countries should set the goal of concluding agreements of Preferential Tariff and Trade, investment, energy and other areas of economic cooperation.

The leaders underscored that Islamabad Declaration and ECO Vision 2025 are important documents and would offer a roadmap for the success of the organization and common prosperity of the entire region.

The two sides noted that the trade figures do not reflect the potential that exists between the two States in terms of economic cooperation and decided to create more opportunities for increase in trade and economic activities. They expressed the hope that economic relations between the two countries would grow in the near future.

The prime minister and the president agreed to mark the 25th anniversary of the establishment of diplomatic relations between the two countries, falling during 2017, as year of friendly exchanges.

The prime minister appreciated Azerbaijan’s continued support on the Jammu & Kashmir dispute and Azerbaijan’s invaluable role in the OIC Contact Group on Jammu & Kashmir. The prime minister reiterated Pakistan’s principle position on Azerbaijan’s stand on Nagorno’ Karabakh issue.

The Azerbaijan’s president expressed his pleasure on attending the ECO Summit and thanked the prime minister for the generous hospitality accorded to him and his delegation.

The president also thanked the prime minister for Pakistan’s continued support on the Nagorno’ Karabakh region.

President Ilham Aliyev expressed concern over the escalation of human rights violations in Indian Occupied Kashmir and reiterated Azerbaijan’s support for the exercise of the right to self-determination for people of Jammu & Kashmir.

The two sides signed the inter-governmental agreement between the government of the Republic of Azerbaijan and the government of the Islamic Republic of Pakistan on cooperation in the field of Energy.

The Azerbaijan’s Minister of Energy Natig Aliyev and Minister for Petroleum & Natural Resources Shahid Khaqan Abbassi signed the agreement.

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