There was an exchange of views on the possibilities of expanding cooperation with Montenegro in the field of tourism.
Within the framework of COP29, a meeting was held between the Export and Investment Promotion Agency - AZPROMO and a delegation led by the Minister of Tourism of Montenegro, Simonida Kordić.
During the meeting, AZPROMO's Executive Director, Yusif Abdullayev, provided information on the Agency's activities, including the events organized by AZPROMO within COP29, as well as the stands of the Trade and Investment House in the Green and Blue Zones. It was reported that the investment partnership between the two countries is developing, with particular emphasis on the Montenegro-Azerbaijan Business Forum organized by AZPROMO earlier this year.
The Minister of Tourism of Montenegro, Simonida Kordić, stated that the tourism sector is of strategic importance to the country, accounting for 30 percent of its GDP. She highlighted that the development of the tourism and hospitality sector is closely linked to Montenegro's sustainable development goals, noting that investment in the sector is crucial for both economic stability and environmental protection.
The meeting also focused on the fact that Azerbaijan is one of the most important investors in Montenegro and discussed ways to further strengthen this trend. In this regard, AZPROMO agreed to organize a meeting in early 2025 with the business communities of both countries to explore Montenegro's investment projects and its investment climate.