Within the framework of the Azerbaijani-Korean business-forum between Azerbaijan Fund for Promotion of Export and Investments (AZPROMO) and the Korean Chamber of Commerce and Industry signed a memorandum on Mutual Understanding, Trend reports. In compliance with the document the sides were committed to develop the direct contacts between the business communities of the two countries, which promote expansion of economic cooperation.
The President of Korean agency for promotion and export and investments, Khong Ti Khua in its presentation spoke about economic opportunities of South Kirea, perspectives for economic cooperation between the two countries.
Your country becomes of one of dynamically developing country in CIS. Such rapid growth pace, considerable increase of the GDP, rise in the amount of trade and direct foreign investments have been achieved, he underlined. He also noted the attractive spheres for economic cooperation, as energy and information technologies.
The President of Azpromo, Emil Majidov, in formed about business opportunities and investment climate in Azerbaijan. He particularly discussed a mechanism with investors in Azerbaijan, juridical registration, customs duties and tax rates in licensing.
The chairman of the Observation Board of Azpromo, Chingiz Asadullayev, voiced his hope that as a result of business forum the amount of Korean investments in Azerbaijan and goods turnover between the two countries will increase.
