In order to promote economic activity and diversify exports, Azerbaijan has taken various measures. One of these measures is to strengthen its position in electronic commerce. To this end, the government implements regular reforms and officials hold meetings with government and business representatives.
In this regard, Azerbaijan recently welcomed representatives of the global Chinese e-commerce giant Alibaba Group. Various government agencies hosted a delegation led by Tim Song, Head of Global Strategic Partnerships at Alibaba. Within the framework of this visit, a memorandum of understanding (MoU) was signed between the Azerbaijan Export and Investment Promotion Agency (AZPROMO) and the Chinese e-commerce giant.
In addition, Azerbaijan's Ministry of Economy held talks with representatives of Alibaba. At the meeting, the promotion of business relations between the company and Azerbaijan, the provision of local products with high export potential to international e-commerce platforms, and other possibilities for cooperation were discussed.
The Azerbaijani side promotes the country's favorable business and investment environment, the opportunities created for investors, the support provided to entrepreneurs, companies with high export potential and strategic export products, and made-in Provided detailed information about the mechanism. Azerbaijani brand.
It is worth noting that a large number of companies within Azerbaijan sell their products through the Internet. Additionally, Turkish e-commerce companies are operating in Azerbaijan. However, exporting domestically manufactured products is not well known and is considered a new thing. This is why Azerbaijani authorities are interested in e-commerce. In this regard, several meetings were held with Turkish and Chinese e-commerce companies.
Neil Watson, a British journalist and energy expert, pointed out in comments to AzerNews that cooperation with Alibaba is very important. This is a major step towards the diversification of Azerbaijan's economy. He said the company is the most important e-commerce group and has played an important role in the rapid development of China's economy. Historically, there were two major problems with the sale of Azerbaijani products. These lead to the implementation of the necessary approval processes to permit international distribution and logistics issues, allowing for time- and cost-effective transportation.
“Alibaba can overcome all these problems, and hosting on its platform will also increase the visibility of Azerbaijani products. For decades, the quality of Azerbaijani products, especially food and handicrafts, is highly valued by their homeland and neighbors. countries, but its quality has not improved further. To counter this, Alibaba has established international quality approvals to make Azerbaijani products easily available all over the world. , advertising and container shipping. This will boost Azerbaijan's economy as the demand for oil and gas is gradually decreasing due to the focus on renewable energy. Furthermore, demand will increase as supply The increase in the level of international demand should help to increase the competitiveness of Azerbaijani products, as it will determine It will play a new role in consolidating Azerbaijan's position as a country,” the expert concluded.
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Qabil Ashirov is a staff journalist at AzerNews. Follow him on Twitter: @g_A Shilov
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