Azerbaijan and Italy plan to establish joint ventures across various sectors soon, Manuela Traldi, President of the Italian-Azerbaijani Chamber of Commerce, told journalists.
"We had many productive and fruitful meetings with our Azerbaijani colleagues, involving private sector representatives. A high-level roundtable is also planned, with the participation of Italy's minister for enterprise and Azerbaijan's minister of economy," she said.
Speaking about the work of the chamber, Traldi emphasized that the organization is focused on attracting investments to Azerbaijan.
"We are doing this in various ways, promoting Azerbaijan in Italy, highlighting all opportunities and government support available, and leveraging every element that could help attract Italian company investments. We established the Italian-Azerbaijani Chamber of Commerce back in 2012, with a focus on the Trans Adriatic Pipeline (TAP) project. I was personally convinced that TAP would eventually be realized, bringing our countries closer together," said the chamber president.
Traldi added that several projects are currently under development.
"In this context, we are closely working with Azerbaijani investment companies, the Azerbaijan Export and Investment Promotion Agency (AZPROMO), and the Ministry of Economy. I believe the outlook is very positive. We will create joint ventures that will introduce the most advanced Italian technologies into Azerbaijanchr("39")s business and manufacturing environments. This will further enhance the development and diversification of the economy," she said.
The chamber president noted that the priority sectors for joint ventures include the industrial sector, particularly petrochemicals, as well as metallurgy and agriculture in Azerbaijan.
"In particular, we have several projects in the pipeline that will support the further development of agriculture in Azerbaijan. Additionally, we are developing new projects in healthcare, the industrial sector, and other areas where Italy has significant expertise. These include sectors such as agro-food processing, food production, leather processing, footwear manufacturing, and textiles," she concluded.
