Azerbaijan, U.S. exchange views on strengthening institutional foundations, new cooperation mechanisms and investment initiatives

Mikayil Jabbarov, Azerbaijan’s Minister of Economy, met with Brendan Hanrahan, Senior Bureau Official for the Bureau of European and Eurasian Affairs at the U.S. Department of State.

During the meeting, the sides hailed the robust economic ties between Azerbaijan and the U.S. and discussed efforts to elevate cooperation to a new level.

The officials highlighted the significance of the Memorandum of Understanding between the governments on the establishment of a Strategic Working Group to prepare the Charter on Strategic Partnership, portraying this initiative as particularly important for strengthening the institutional foundations of economic collaboration between Azerbaijan and the U.S.

Azerbaijan presented its economic priorities, emphasizing ongoing reforms, improvements to the business environment, and strategic infrastructure projects that create attractive opportunities for U.S. companies.

The discussions followed previous talks in Washington with institutions such as the U.S. Export-Import Bank (US EXIM Bank), SpaceX, ExxonMobil, and other leading organizations, focusing on new cooperation mechanisms and investment initiatives.

The meeting also addressed ongoing work on the Zangezur Corridor under the Trans-Caspian Regional Development and Partnership Platform and the potential economic benefits of regional transport and logistics projects.