Baku. 5 April. REPORT.AZ/ "On the domain of economic and social development on our agenda, we would like to say that the current international economic situation continues to present opportunities, at the same time challenges and risks to the developing countries".
Report informs, Azerbaijani Foreign Minister Elmar Mammadyarov said at today's Mid-Term Ministerial Conference of the Non-Aligned Movement on theme “Promoting international peace and security for sustainable development’ in Baku.
He mentioned that on the one hand the developing countries benefited from globalization process during the current liberalization era, but on the other hand the close integration of economies of the developing countries with the world economy made them sensitive to the trend of international economic situation: "Therefore, together we shall use the positive elements of international economic environment for the benefits of all developing countries. Today, when we still experience the impacts of global economic slowdown, energy, transportation and other interrelated components of connectivity are becoming more promising for economic and trade growth of our countries. Therefore, it is important to highlight the development of transport and connectivity issues in general among priority areas, as an essential prerequisite for economic growth and development".
"Azerbaijan in collaboration with regional and international partners has contributed to regional cooperation by initiating and implementing energy and transport projects. Azerbaijan has become an important partner in ensuring the energy security of the wider region through initiating and implementing sustainable energy projects. Connected the Caspian, Black and Mediterranean seas, we created a diversified pipeline infrastructure. Realization of these energy projects will diversify the energy sources, as well as enhance security of energy supply and transportation within the region and beyond", he stated.
"Over the past years my country has implemented large-scale infrastructure projects in the development of the transport connectivity not only in Azerbaijan, but also across the region. In line with that the Government of Azerbaijan takes significant steps for the development of regional and trans-regional multi-modal transport corridors in partnership with other interested and neighboring States along the East-West, North-South and South-West axes which will create favorable conditions for the full-scale economic cooperation and development of trade, based on unhindered and safe movement of goods", Mammadyarov added.