AZPROMO: Azerbaijan may increase gold exports to Iraq

Azerbaijan has the potential to boost gold exports to Iraq, said Yusif Abdullayev, executive director of the Azerbaijan Export and Investment Promotion Agency (AZPROMO), Report informs.

Speaking at the Azerbaijan-Iraq Business Forum in Baku, Abdullayev mentioned that several large gold producers and importers from Iraq will visit Azerbaijan to discuss this matter.

He highlighted that in January 2024, AZPROMO and Azerbaijani companies participated in an international trade fair in Iraq, resulting in a contract for Azerbaijan’s water producer to start exporting to Iraq. Abdullayev emphasized the success of this initiative and expressed a desire to continue this trend.

The director added that the Azerbaijan-Iraq Business Council established today aims to enhance trade turnover by promoting business relations and addressing company challenges.