It is very important for Azerbaijan to increase trade agreements with other countries.

"APA-Economics" reports that Antonio Nusifora, manager of Macroeconomics, trade and investments practice of the World Bank at the headquarters, said this during the discussion of "Azerbaijan: Economic Memorandum on the Country" at ADA University.

"Azerbaijan is not a member of the World Trade Organization. The negotiations that started in 2004 are still ongoing. Azerbaijan can benefit from many advantages by becoming a member of the WTO. According to the rules, investments in the trade sector can be increased. This also creates opportunities for trade agreements. "Azerbaijan has trade agreements with Turkey, Ukraine and CIS countries. Increasing these agreements with other countries is very important," A. Nusifora added.

He also noted that 80% of direct investments in Azerbaijan are directed to the energy sector.

This means that the policy should be changed in this direction.