Azerbaijan, India sign two documents (UPDATE)
Details were added (first version posted at 19:08)
Azerbaijan, Baku, April 16 / Trend A.Akhundov /
Two documents was signed following the second meeting of the Azerbaijani-Indian intergovernmental commission on trade, economic, scientific and technological cooperation in Baku on Monday.
These are protocol of the intergovernmental commission and inter-governmental agreement on air communication between Azerbaijan and India.
The protocol was signed by co-chairs of the intergovernmental commission - from the Azerbaijani side Minister of Ecology and Natural Resources Huseyngulu Baghirov, and from India - Minister of State for Commerce and Industry Jyotiraditya Scindia.
The State Minister noted broad prospects for further cooperation between the two countries. "To use them it is necessary to sign a number of agreements, particularly in the elimination of double taxation, promotion of mutual investments, and so on," said Scindia.
He said Azerbaijan can benefit from the experience of India in the areas of information technology, education, engineering, automotive industry, pharmacology and so on and share its achievements in the oil and gas industry.
Minister of Ecology of Azerbaijan noted that the second meeting was held in constructive working conditions and that the historically close ties between the two countries have great potential for further growth.
In 2011, trade turnover exceeded $411 million, a 22 percent increase compared to 2010. In January-February 2012 the trade turnover between the countries amounted to $157 million, which is 68 percent more compared to the same period last year.
The next meeting will be held in Delhi, its timing will be agreed through diplomatic channels.