Azerbaijan, Mexico to expand co-op

Azerbaijan and Mexico plan to expand bilateral ties in a number of areas, including tourism and energy, Mexico’s embassy reported.

This follows discussions that were held during the visit to Baku of Jorge Alberto Cruz Abascal, the head of the Trade and Investment Agency PROMEXICO under the Mexican Ministry of Economy Mexico in Istanbul, at the invitation of the Azerbaijan Export and Investment Promotion Foundation.

The officials agreed that, although the total trade turnover between Mexico and Azerbaijan stood at approximately $2 million in 2014, there is a vast potential for growth.

Also, the meeting participants expressed confidence that with the opening of Mexico’s embassy in Azerbaijan, trade turnover will increase.

Azerbaijan’s Embassy in Mexico opened in 2006, while diplomatic representation of Mexico was established in Azerbaijan in 2014.

The embassy also reported that Ambassador of Mexico to Azerbaijan Rodrigo Labardini met with Elshad Nasirov, the Vice President for Investment and Marketing at Azerbaijan State Oil Company in Baku.

The meeting sought to develop bilateral ties in the oil industry and discussed relations between the two countries, as well as similarities in both national cultures.

Nasirov reviewed the activities of SOCAR, and its projects and investments in foreign countries. He also spoke about the history of oil extraction in Azerbaijan.

The sides stressed that the exchange of experience in oil extraction will serve in developing ties, while benefitting both countries.

The sides also expressed their mutual interest in possible cooperation between the oil companies of Mexico (Pemex) and Azerbaijan (SOCAR).

Officials also spoke of a number of areas that are expanding between Azerbaijan and Mexico to promote cooperation between the two countries. Azerbaijan attaches great importance to the development of relations with Mexico.


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