UAE Accounts for 50% of Azerbaijan’s Trade with Gulf States: Minister of Foreign Trade
Abu dhabi: Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, has announced that Azerbaijan serves as a significant trade and investment partner for the UAE. This statement was made following the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the two nations. According to Emirates News Agency, Dr Al Zeyoudi highlighted Azerbaijan’s strategic position in the Caucasus region, bridging Eastern Europe and Western Asia. The country witnessed a 4.1% growth in GDP in 2024, with its non-oil sector expanding by 6.3%. Echoing this economic growth, the bilateral non-oil trade between the UAE and Azerbaijan surged by