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Azerbaijan ready to study Cuba's investment potential

Business Materials 28 September 2010 19:01 (UTC +04:00)
Azerbaijan and Cuba consider the possibilities for cooperation in the field of medicine, agriculture, tourism, Deputy Economic Development Minister Niyazi Safarov said at a business meeting with the Cuban delegation in Baku.
Azerbaijan ready to study Cuba's investment potential

Azerbaijan, Baku, September 28 / Trend N. Ismayilova /

Azerbaijan and Cuba consider the possibilities for cooperation in the field of medicine, agriculture, tourism, Deputy Economic Development Minister Niyazi Safarov said at a business meeting with the Cuban delegation in Baku.

"Cuba is greatly interested in Azerbaijan. The Cuban delegation visited Azerbaijan several times. The purpose of this delegation's visit is to get information about Azerbaijan, familiarize with the sectors, including agriculture, medicine and tourism development and exchange views, " deputy minister said.

Safarov said that it is planned to get acquainted with investment opportunities in Cuba's economy, which may be interesting for Azerbaijani entrepreneurs.

Deputy minister said that two countries have great potential to expand ties.

The head of the Cuban delegation, deputy minister of external trade and foreign investment Oscar Peres-Oliva Fraga said that Cuba and Azerbaijan can cooperate on mutually beneficial conditions in many areas. First of all, cooperation is possible in the field of medicine, namely biotech programs to reduce the number of cases in which Cuba has made great success.

"We will discuss cooperation in the field of oil and gas, as well as other sectors after the meeting with entrepreneurs," the Cuban deputy minister said.

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