Pakistan and Azerbaijan are working on a preferential trade agreement, which will lower customs tariffs and improve bilateral trade, announced Azerbaijani ambassador to Pakistan Khazar Farhadov.
He added that Pakistani companies, including pharmaceutical units, possessed ample potential to set up production plants in Azerbaijan.
"I suggest that Pakistani investors should explore joint venture and investment avenues in the free economic zone to be established next to Baku port," Farhadov said.
