Azerbaijan, Germany establish working group on trade and investment
Azerbaijan, Baku, May 6 /Trend/
The delegation of Azerbaijan led by Minister of Economic Development Shahin Mustafayev visited Germany to attend the Azerbaijani-German business forum held on May 5 in Berlin, the Ministry reported on Friday.
The business forum was organized by the Azerbaijani Export and Investment Promotion Foundation (AZPROMO) and the German Federal Ministry of Economics and Technology with the support of the Azerbaijani Ministry of Economic Development. The forum was attended by about 250 representatives of business community, representing various sectors of the economy such as agriculture, food processing, energy, finance, logistics, tourism.
Mustafayev said that this forum is significant to strengthen cooperation between the business communities of both countries, he also invited German investors to take advantage of the favorable investment environment in Azerbaijan.
According to the Minister of Economy and Technology of Germany Reiner Bruder, Germany is interested in expanding ties with Azerbaijan. He said the two countries had the capacity to do it.
As part of the business forum, a Memorandum of Understanding was signed between the Ministry of Economic Development of Azerbaijan and the Ministry of Economy and Technology of Germany on the establishment of high level working group on trade and investment.
The Azerbaijani delegation will stay in Germany by May 7. On Friday, Munich hosted Azerbaijani-German business forum and a series of meetings of the delegation.