BAKU - This year"s Caspian Agro Exhibition will feature nine U.S. companies who are exhibiting their products and services, including pest monitoring and control products, fertilizers, soil amendments, weather monitors, aquaculture and aquaponics equipment and supplies, freeze-drying equipment, and import/export services. The companies and their products will be featured at a pavilion sponsored by the United States Agency for International Development (USAID) and the U.S. Embassy at the 13th Azerbaijan International Agriculture Exhibition, Caspian Agro. The nine companies include Brandt, Soil Biotics, Trece, Grow More, DTN, Nelson & Pade, Inc., Valent BioSciences, Harvest Right, LLC and WCC International.
The U.S. pavilion at the Caspian Agro Exhibition follows other U.S. government efforts to facilitate new business linkages between U.S. and local agricultural companies, including the first U.S.-Azerbaijan Agricultural Forum held in April in Chicago, several study trips to the United States for Azerbaijani farmers and agribusinesses, exchanges for Azerbaijani government officials, and an agribusiness training program for local entrepreneurs. Expanding business linkages between Azerbaijani and American companies provides valuable technology and equipment to further support the success of Azerbaijan"s rapidly developing agricultural sector.
USAID and the U.S. Embassy have partnered with Azerbaijan in the agriculture sector for almost 20 years, supporting government and citizen-led efforts to transform the sector into a prosperous and stabilizing force in the economy. In the past five years, local agribusinesses working with USAID have increased their exports by $60 million and expanded to high-paying markets in Europe and the Gulf. USAID is expanding partnerships with the government and private sector, in and beyond the agricultural sector, to facilitate linkages between U.S. and Azerbaijani businesses, attract more U.S. investment, and engage the innovation of Azerbaijan"s entrepreneurs to further diversify the economy.
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review