Azerbaijan, Kuwait willing to enhance economic cooperation: ambassador
Azerbaijan, Baku, June 25 / Trend , S. Agayeva/
Azerbaijan and Kuwait are willing to enhance economic cooperation.
Kuwaiti Prime Minister Sheil Nasser Mohammad al-Ahmad as-Sabah plans to discuss prospects of cooperation between the two countries during a visit to Baku, Azerbaijani ambassador to Kuwait Shahin Abdullayev said.
"Invitation has already been made and the visit is scheduled for autumn," the ambassador said.
The talks will mainly focus on involving Kuwaiti investors with investment projects in Azerbaijan.
Kuwaiti business circles have already showed interest to Azerbaijan and favorable conditions have been provided for their activities in the country, the diplomat said. He said the countries have very good agreement and legal framework. Five agreements including one on promoting and mutual protection of investments, trade and tourism cooperation was signed during Azerbaijani president's official visit to Kuwait.
The countries are studying several investment projects at the moment, the ambassador said.
According to the Azerbaijani State Statistics Committee, Azerbaijan's exports to Kuwait totaled $336,100 in 2009. There were no imports.
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