Azerbaijani and Bulgarian Intergovernmental Economic Commission to Restore Operations in 2008
Azerbaijan, Baku / Trend corr. I.Khalilova / The first meeting of the Azerbaijani-Bulgarian intergovernmental agreement on trade-economic and science-technical cooperation will be implemented in Azerbaijan at the end of Spring 2008.
"Both countries are experiencing an intensive period of economic development therefore the sides proposed to accelerate the duties of the intergovernmental commission," Sergey Stanishev, the Prime Minister of Bulgaria, said during a press-conference with the Azerbaijani Prime Minister, Artur Rasizadeh.
The intergovernmental commission between the two countries was established in May 1999. The commission has held two meetings so far.
Bulgaria also proposed to hold business-forums, presentations and international exhibitions in order to develop cooperation between the countries.
"The goal of our negotiations is to expand economic cooperation between the countries. Both sides should create favourable conditions for development of relations," Stanishev said.
Stanishev invited the Azerbaijani Prime Minister to visit Sophia, Bulgaria.
According to a report by the Azerbaijani State Committee trade turnover between Azerbaijan and Bulgaria made up $21.8mln in 2006, goods were imported in the amount of $15.5mln and exported in $6.3mln.
Trade turnover between the countries for the nine months of 2007 made up $11.4mln (import - $6.3mln and export - $5.1mln.).