Baku, 29 November 2022 (TDI): Global Business Alliance (GBA) from Pakistan will sign a Memorandum of Understanding (MoU) with the Founder Club in Azerbaijan to further boost trade ties between the two entities as well as the respective states.

It is pertinent to note that the GBA delegation comprising prominent representatives from the business fraternity of Pakistan has been in Azerbaijan to foster stronger business ties between the two sides.

GBA, Founder Club sign MoU to enhance economic cooperation
GBA, Founder Club sign MoU to enhance economic cooperation

To promote bilateral trade between Pakistan and Azerbaijan, the GBA led a business delegation to that country. The delegation will remain in the country till December 3, 2022.

Representatives from various business groups and sectors are included in the delegation. The group is made up of representatives from the textile, apparel, medical supply, travel, sports, food, and cookware industries.

Interacting with potential partners is the trip’s main goal in order to strengthen and forge strong business ties between the two nations.

Global Business Alliance (GBA)

GBA is a government-registered international business and trade cooperation networking platform. It works to improve bilateral and multilateral trade, business, and services around the world.

It provides members with global networks of diplomatic missions, governments, trade, and business enterprises, as well as a competitive advantage in pursuing opportunities for result-oriented growth, partnership, and strategic alliance from around the world.

GBA, Founder Club sign MoU to enhance economic cooperation

Founder Club Azerbaijan 

The Founder Club in Azerbaijan was founded on April 2, 2022. The objective of the club is to support the development of networking among companies operating in Azerbaijan, as well as the development of partner company relations with foreign businessmen.

Also read: Global Business Alliance delegation leaves for Azerbaijan

It is important to note that Azerbaijan is a key trading partner for Pakistan due to its enormous energy capacity.

Likewise, exporting goods from the leather, pharmaceutical, energy, and light agricultural equipment industries will give Pakistan an advantage in Azerbaijan’s domestic market.