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Azerbaijan, India to discuss development of economic relations

Politics Materials 13 February 2016 10:22 (UTC +04:00)
Azerbaijan and India will discuss the development of relations in the areas of investment, trade, transport, information and communication technologies, and education.
Azerbaijan, India to discuss development of economic relations

Baku, Azerbaijan, Feb. 13

By Anvar Mammadov - Trend:

Azerbaijan and India will discuss the development of relations in the areas of investment, trade, transport, information and communication technologies, and education.

Discussions will be held during the 4th meeting of the Azerbaijani-Indian intergovernmental commission in April in Baku, India's Ambassador to Azerbaijan Sanjay Rana told reporters.

"A delegation led by the co-chairman of the intergovernmental commission, Indian Minister of Commerce and Industry Nirmala Sitharaman will visit Azerbaijan," he said.

"The delegation will include not only officials, but also businessmen. The expansion of the relations in various fields will be discussed," he added.

The co-chairman of the intergovernmental commission from the Azerbaijani side is the Minister of Ecology and Natural Resources Huseyn Bagirov.

Rana also noted that pharmaceutics is one of the priority areas in the development of the relations.

"Indian pharmaceutics is known worldwide today. We supply medicines to all developed markets, but our presence in the Azerbaijani market is quite small and we want to change that," he said.

"We can offer drugs and medicines at lower prices to Azerbaijan, and the quality of these drugs is not inferior to European, which is confirmed by certificates received by our enterprises," added Rana.

The trade turnover between Azerbaijan and India was $305.04 million according to the results of 2015, $270.24 million of which accounted for the export of the Azerbaijani products to India, according to the State Statistics Committee.

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