ISLAMABAD: Pakistan and Azerbaijan have agreed to implement the Preferential Trade Agreement (PTA) signed between the two countries last year.
The two sides agreed to explore joint ventures and investments between businesses from both countries.
They also committed to facilitating cooperation between their customs authorities and expediting the signing of a MoU for establishing an Advance Electronic Data Interchange between the State Customs Committee of Azerbaijan and Pakistan Customs Service.
The two sides also agreed to expedite the signing of an MOU on defense industry collaboration and enhance joint production and sale of defense hardware.
In the energy sector, discussions were held to advance the Strategic Underground Gas Storage (SUGS) project in Pakistan, with Azerbaijan invited to participate in energy infrastructure projects, including the White Oil Pipeline.
Agriculture and food security were also key focus areas, with the two sides agreeing to enhance cooperation through joint research in areas like cotton, grain cultivation, and seed development.
Both countries committed to facilitating business-to-business exchanges to enhance agro-commodity trade.
In health cooperation, the parties agreed to share expertise in advanced diagnostics, public health emergencies, and medical tourism, while also exploring avenues for collaboration on health-related research and capacity building.
In his remarks, Minister for Defense Khawaja Asif said the two nations share a historic and enduring bond, grounded in mutual respect, cultural ties and solidarity on key global issues.