Azerbaijan, Baku, November 8 / Trend, N. Ismailova /
A steering group from Azerbaijani has been invited to assist with a number of private industrial processes in Serbia, the Ministry of Economic Development of Azerbaijan reported on Monday.
The invitation was made at the first meeting of the Azerbaijani-Serbian Commission for Trade and Economic and Scientific and Technical Cooperation, held in Belgrade on November 3.
In turn, the Serbian side expressed its eagerness to take part in projects in the field of the production of fertilisers and export of plants and seeds under production in Azerbaijan.
Serbian Foreign Minister and commission Co-chairman Vuk Yeremich says Serbia is eager to expand bilateral cooperation with Azerbaijan. He entertained the hope that relations between the two countries will continue to develop even more.
As noted at the meeting, areas of mutual interest are infrastructure, energy, transport, agriculture, the food and chemical industries and pharmaceuticals, information technologies, road infrastructure and construction.
Serbian companies were offered the facility to bid for tenders conducted by the state-run leasing company Aqrolizinq. As has been agreed, the sides will explore opportunities of cooperation between the Azerbaijani Investment Company and Serbia's Farmacom over accumulators reprocessing in Azerbaijan. Opportunities of cooperation in the spheres of sports, tourism, culture, healthcare, and education were also examined.
As noted at the meeting, cooperation between the Azerbaijani Export and Investments Promotion Foundation (AZPROMO) and the Serbian Investments and Export Promotion Agency (SIEPA) is beneficial.
Following the meeting, a memorandum was signed by Shahin Mustafayev, Commission Co-chairman and Minister of Economic Development, on behalf of Azerbaijan and Foreign Minister Vuk Yeremich, on behalf of Serbia.
In his speech at the Balkan-Azerbaijani business forum in Belgrade on November 4, Mr. Mustafayev reported that in the first nine months of 2011, trade turnover between Azerbaijan and Serbia grew by 18.3 per cent, exports from Azerbaijan to Serbia tripled and Azerbaijan's import from Serbia increased by 18 per cent. Besides, the Minister pointed out to the existence of great potential of increasing trade turnover between the two countries.