BAKU, Azerbaijan, May 22. Bilateral trade
turnover between Azerbaijan and Tajikistan demonstrated substantial
macroeconomic acceleration from January through April of the
current year, increasing more than twofold year-on-year to eclipse
$8.5 million, Deputy Minister of Economy of the Republic of
Azerbaijan Sahib Alakbarov said during the Azerbaijan-Tajikistan
Business Forum in Baku, Trend reports.
According to him, despite this highly positive growth
trajectory, the current trade volumes fail to reflect the true,
underlying potential of economic cooperation between the two
nations.
“While we are documenting an upward trend in bilateral trade
turnover, it remains notably below the benchmark achievable given
the structural capacity of our respective national economies,”
Alakbarov pointed out.
The deputy minister emphasized that the primary share of current
trade operations stems from Azerbaijani exports, highlighting a
significant opening for the strategic diversification of shipping
lines and the expansion of mutual trade structures.
Alakbarov noted that Azerbaijan and Tajikistan possess highly
complementary economic architectures, which establishes a firm
baseline for future commercial growth.
“The regulatory landscape between Azerbaijan and Tajikistan is
underpinned by approximately 90 bilateral documents spanning a
comprehensive matrix of political and economic cooperation tracks,”
he added.
According to Alakbarov, this robust legal and contractual
framework ensures the sustainable development of bilateral
relations and guarantees long-term predictability for corporate
partnerships. He singled out the Declaration on Strategic
Partnership executed in May 2024 as a pivotal instrument shaping
long-term interaction vector.
The deputy minister stressed that this legal architecture
directly enables both states to aggressively expand joint ventures
across commerce, foreign direct investment (FDI), and cross-border
industrial cooperation loops.
The ongoing Azerbaijan-Tajikistan Business Forum in Baku brings
together senior ministerial delegations and prominent private
sector business circles from both countries. The specialized
platform directs sharp analytical focus toward advancing
trade-economic cooperation, mapping out strategic investment
corridors, driving industrial integration, and cementing real-time
networks between Azerbaijani and Tajik entrepreneurs.