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Kabul eyes Azerbaijan’s investment

AT Monitoring Desk-KABUL: The Afghan government is expecting Azerbaijan’s investments in the country as it will result in strengthening Kabul-Baku relations, said Daud Shah Saba, Minister of Mines and Petroleum.

He expressed the remarks during his visit in Baku, the capital city of Azerbaijan.

“Afghanistan and Azerbaijan have agreed to use the full potential to intensify cooperation,” he said. “I hope that this visit will contribute to increasing the level of cooperation, in particular create opportunities for Azerbaijani investments in Afghanistan.”

Saba and Special Representative of President of Afghanistan for CIS states Mohammad Shaker Kargar are on visit to Azerbaijan.

The visit is being held at the invitation of Azerbaijani Minister of Economy and Industry Shahin Mustafayev and will continue until April 10.

During the visit, Afghan officials hold meetings with Azerbaijani leadership.

“We held a number of useful meetings in Baku, considered the next steps to strengthen relations between Azerbaijan and Afghanistan,” said the minister. “The level of economic relations does not satisfy the either of sides, and we intend to develop cooperation in this sphere.”

He said that the embassy of Afghanistan has been operating in Baku for already two years, and a lot of high-ranking officials of the government of Afghanistan visited Baku during this period.

“Former President Karzai and our current president practically made their first foreign visit to Azerbaijan,” Mohammad Shaker Kargar said in his turn. “It means that our relations with Azerbaijan develop successfully.”

The trade turnover between Azerbaijan and Afghanistan stood at $275.99 million in 2014 and this amount was fully formed as a result of the export operations from Azerbaijan, according to the State Customs Committee of Azerbaijan.

The trade turnover between the two countries in January-February 2015 amounted to $15.7 million, according to the State Statistics Committee.

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