Baku:The establishment of new transport links is reinforcing Azerbaijan's strategic position at the crossroads of the East-West and North-South corridors, stated Deputy Minister of Economy Azer Bayramov. His remarks were made during a joint meeting of the Milli Majlis committees on Legal Policy and State Building; Defense, Security and Combating Corruption; Human Rights; and Regional Affairs.

According to Azeri-Press news agency, Bayramov emphasized that Azerbaijan is focused on its development priorities, guided by a long-term strategic vision that considers the evolving global landscape. He noted that the nation’s historic achievements and economic potential, coupled with modern infrastructure, provide a robust foundation for entering a new phase of strategic development with expanded opportunities. The Deputy Minister also pointed to the draft state budget for 2027, suggesting it will be pivotal in reaching the objectives of this new development phase.

Bayramov further highlighted significant economic indicators, including strategic foreign exchange reserves that surpass the annual gross domestic product and are about 20 times greater than external public debt. He mentioned that Azerbaijan’s sovereign credit rating is classified as investment grade by leading international rating agencies, underscoring the country's enhanced geoeconomic role. The recent advancements in transport links are seen as a critical factor in strengthening Azerbaijan's central position in these major international corridors.