BAKU, Azerbaijan, Through cooperation with Azerbaijan, Georgia can get the opportunity to deepen regional economic integration, Elshad Mammadov, deputy director of the Russian School of Economics, professor at the Azerbaijan Economic University, told Trend.

According to him, thanks to the effective policy of President Ilham Aliyev, Azerbaijan positions itself as a country that implements a balanced and pragmatic foreign economic policy.

Therefore, cooperation between Georgia and Azerbaijan can have a positive result in a variety of spectrums of the current agenda.

“Azerbaijan is a key country for Georgia from an investment point of view. In addition, from the point of view of export deliveries, Georgia is important for Azerbaijan,” Mammadov said.

He added that, at the same time, regional cooperation should be more focused on joint large investment projects related to the development of the real sector of the economy, because without the creation of regional chains and powerful production centers, it is difficult to achieve sustainable competitiveness.

“The main cooperation projects between Georgia and Azerbaijan should be in the nature of investments in the production of high value-added products, processing sectors. In this context, more investment in recycling is needed. This applies to agriculture, industry, energy,” Mammadov noted.

According to the economist, it is necessary to carry out a larger-scale regional economic integration, in which it would be advisable for both Georgia and Azerbaijan to participate.

Source: TREND News Agency