Azerbaijani-Bulgarian commission's next meeting postponed until 2012
Azerbaijan, Baku, November 10 / Trend, S. Agayeva /
The next meeting of the Azerbaijani-Bulgarian Commission for trade and economic cooperation, which was scheduled to take place in the middle of November, has been put off until next year.
"As the Azerbaijani side suggested, the meeting of the intergovernmental commission will be held in Baku next January or February," Bulgaria's Ambassador to Azerbaijan Vasil Kalinov told Trend on Thursday.
Prospects of the development of bilateral economic relations and the implementation of joint projects will be examined at the meeting.
Economic Development Minister of Azerbaijan Shahin Mustafayev told an Azerbaijani-Bulgarian business forum in September that both countries have great potential to develop cooperation in fields such as construction, manufacture of electric equipment, use of alternative energy sources, textile and food industry, and transport.
The Minister urged business people to take an active part in establishment of bilateral links.
"A reliable contract basis has been established to ensure further development of cooperation between Azerbaijan and Bulgaria. The two countries have concluded more than 10 agreements in the economic field and one of important bilateral agreements was signed in the field of trade," Mustafayev reported.
For his part, Bulgaria's Economy, Energy and Tourism Minister Traycho Traikov reported in his speech at the forum that Bulgaria is the most convenient platform for expansion to European markets.
He said Azerbaijani and Bulgarian companies can cooperate successfully in the fields of ecology, electrical engineering, construction and logistics, and textile and food industry.
Besides, Bulgaria is interested in Azerbaijani compressed gas supply on the Black Sea. "Bulgaria has an insignificant demand in gas, but can act as a centre transiting Azerbaijani gas supply to Europe," the Minister noted.
"Bulgaria is part of the Southern Gas Corridor and has been in talks with different countries, including Azerbaijan over gas purchase under different projects. Nevertheless, we are interested in Azerbaijani compressed gas export on the Black Sea most of all," Traikov said.
He noted this variant allows it to transport insignificant volumes of gas, which requires no large investments so it is of interest to Bulgaria and other countries.
As the State Customs Committee of Azerbaijan reports, goods turnover between Azerbaijan and Bulgaria in January-September 2011 was equivalent to $301.29 million, a triple increase against the respective period of last year. The growth was due to increase of the value of export by 3.2 times.