TODAY.AZ / Business

Sweden could benefit from North-South railway, Azerbaijani FM says

07 November 2017 [14:39] - TODAY.AZ

By Azernews

By Rashid Shirinov

Sweden could also benefit from the North-South railway, Azerbaijan’s Foreign Minister Elmar Mammadyarov said on November 6. He met with First Deputy Speaker of the Riksdag (Swedish Parliament) Ewa Thalen Finne as part of his visit to Sweden.

During the meeting, the sides exchanged views on the ways of developing cooperation between the Azerbaijani and Swedish parliaments. They mentioned that parliamentary diplomacy and mutual exchange of parliamentary delegations play an important role in developing the bilateral relations.

They stated that this year marks the 25th anniversary of the establishment of diplomatic relations between Azerbaijan and Sweden, and during these years the two countries forged political dialogue based on friendship and mutual understanding.

Mammadyarov briefed Thalen Finne about Azerbaijan’s role in the region, large-scale transport and energy infrastructure projects realized with the initiative and direct participation of Azerbaijan, and noted that Sweden could also benefit from the North-South railway linking South Asia and Northern Europe.

As for economic relations, Mammadyarov and Thalen Finne praised the activities of Swedish companies working in Azerbaijan and mentioned the importance of increasing mutual investments. They underlined that there is great potential for strengthening economic and trade relations between Azerbaijan and Sweden.

The sides also touched upon the role of Azerbaijan in the promotion of religions and intercultural dialogue and exchanged views on other issues of mutual interest.

The diplomatic relations between Azerbaijan and Sweden were established on May 8, 1992. The two countries share a common position in a number of fields, including regional development and security, migration and culture, as well as international issues.

The trade turnover between the countries exceeded $68 million last year, overwhelming majority of which accounted for imports from Sweden.

Today it is important to expand relations between the two countries in a variety of fields, as there is good potential for this. First of all, relationship between the representatives of business should be enhanced in terms of the development of economic ties and exploring new opportunities in this sphere.

Bilateral relations between the two countries also play a special role in expanding Azerbaijan-European Union cooperation even more.

Sweden recognizes Azerbaijan’s territorial integrity and the country’s officials have repeatedly noted that it is ready to support peaceful settlement of the Armenia-Azerbaijan Nagorno-Karabakh conflict.


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