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Baku to host SPECA ministerial meeting (PHOTOS)

Business Materials 8 July 2010 12:21 (UTC +04:00)
Baku will host a U.N. Special Program for the Economies of Central Asia (SPECA) ministerial meeting for member countries in early December, Azerbaijani Economic Development Minister Samir Veliyev said.
Baku to host SPECA ministerial meeting (PHOTOS)

Azerbaijan, Baku, July 8 / Trend N. Ismayilova /

Baku will host a U.N. Special Program for the Economies of Central Asia (SPECA) ministerial meeting for member countries in early December, Azerbaijani Economic Development Minister Samir Veliyev said.

A report on trade and human development needs in Azerbaijan and other SPECA countries was presented today in Baku.

"The assessments for each country will be considered in Baku Dec. 1-2 at a SPECA meeting for member countries," Veliyev said.

He added that a final report will be adopted at the meeting. A declaration will also be signed. Projects financed by donors are likely to be implemented on the basis of the declaration.

He said Azerbaijan's GDP increased by 4.5 percent in January-May 2010 and its volume per capita jumped by 3.1 percent. The trade volume over five months amounted to $10.6 billion. During the period, Azerbaijan engaged in trade relations with 126 countries, with foreign trade surplus hitting $5.8 billion.

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