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Azerbaijan, Poland sign two memorandums of understanding

Business Materials 24 November 2010 16:42 (UTC +04:00)
Two documents were signed between Azerbaijan and Poland this week.
Azerbaijan, Poland sign two memorandums of understanding

Azerbaijan, Baku, Nov. 24 / Trend N. Ismayilova /

Two documents were signed between Azerbaijan and Poland this week.

A memorandum of understanding was signed between the Azerbaijani Export and Investment Promotion Foundation (AZPROMO) and the Polish Information and Foreign Investment Agency (PA LILZ) within a Polish-Azerbaijani business forum in Baku. Another memorandum of understanding was signed between the Azerbaijani National Confederation of Entrepreneurs and the Polish Association of Employers.

"Poland has great potential in terms of developing the scientific and technical spheres, in creating free economic zones, health, and transport, "Azerbaijani Industry and Energy Minister Natig Aliyev said at the signing ceremony. "There is potential for developing relations in these areas. The documents signed today only confirm that we are on the right path."

He noted that the relations between Azerbaijan and Poland are developing rapidly.

"Today, they have reached a new level despite the financial crisis," he said. "Poland was able to overcome the crisis successfully."

The countries are increasing their trade turnover and improving their economic ties annually, Aliyev said. The export of Azerbaijani goods to Poland doubled during the first half of 2010.

Polish Deputy Prime Minister, Economy Minister Waldemar Pawlak said Poland shows great interest in implementing joint projects with Azerbaijan. At present, the country is implementing a privatization program. Azerbaijan can also receive benefits, Pawlak said.

"As Poland is an EU member, it must have great interest for Azerbaijan in terms of entering European markets," the Polish deputy prime minister said.

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