Baku informs Berlin about German companies’ illegal activity in occupied territories of Azerbaijan

Baku informs Berlin about German companies’ illegal activity in occupied territories of Azerbaijan

Baku, Azerbaijan, Nov. 10

Trend:

Germany will consider the activity of some German companies and organizations in the occupied territories of Azerbaijan, the German side said at the fifth meeting of the Azerbaijani-German High Level Working Group on Trade and Investment, held in Berlin, the Azerbaijan Economic Development Ministry said.

The meeting was chaired by the Head of Staff of the Azerbaijan Economic Development Ministry Samir Veliyev and Director General for Foreign Economic Policy of the German Federal Ministry for Economic Affairs and Energy Eckhard Franz.

The Azerbaijani side informed about the illegal activity of some German companies and organizations in the occupied territories of the country. The Azerbaijani side also stressed the need to curb their illegal activity.

An Azerbaijani delegation also stressed the negative impact of a biased resolution on the development of cooperation between the two countries.

This resolution was adopted by the German Bundestag in June.

The current situation in economic and trade relations between Azerbaijan and Germany, the work carried out after the fourth meeting of the working group, further expansion of economic relations, as well as the possibility of German companies' participation in the industrial parks on the territory of Azerbaijan was discussed within the framework of the meeting.

It was noted that to date, Germany's investments in fixed assets in Azerbaijan exceeded $ 475 million, while investments in non-oil sector amounted to $345.2 million.

During the meeting it was also noted that today there are 183 German companies in Azerbaijan, which are also actively involved in projects in Azerbaijan as contractors.

The German side expressed interest of German companies in the implementation of new projects in several sectors of the economy and noted that the corresponding proposals will be submitted to Azerbaijani companies through the German-Azerbaijani Chamber of Commerce.

In January-September 2015, the trade turnover between Azerbaijan and Germany amounted to $1.53 billion, some $1.01 billion of which fell on export of Azerbaijani goods, according to the State Customs Committee of Azerbaijan.

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