Baku, May 6, 2025 – The Europe Today: Azerbaijani and Belarusian officials signed a series of cooperation documents on the sidelines of the Azerbaijan-Belarus Business Forum held in Baku, marking a new phase in bilateral economic collaboration.
Among the key outcomes of the forum was the signing of a Memorandum of Understanding between Orkhan Mammadov, Chairman of the Board of the Small and Medium Business Development Agency (KOBIA) of Azerbaijan, and Alexander Osmolovsky, Chairman of the Board of the Belarusian Universal Commodity Exchange (BUCE). The agreement aims to strengthen institutional ties and facilitate the exchange of best practices to promote trade and investment opportunities between the two countries.
In addition to the inter-agency agreement, Azerbaijani and Belarusian companies concluded a number of contracts and agreements covering a wide range of sectors, including agriculture, industry, and processing. These agreements are expected to contribute to the diversification of bilateral trade and support the development of joint ventures and innovation-driven partnerships.
The business forum served as a platform for business leaders, government representatives, and industry stakeholders to explore avenues for economic cooperation and identify practical steps to deepen commercial relations. Both sides reaffirmed their commitment to expanding mutually beneficial ties and leveraging the potential of their respective markets.
The event reflects the growing momentum in Azerbaijan-Belarus relations and underscores the importance both nations place on private sector engagement as a driver of sustainable economic growth.
