AZPROMO and Chinese Council for Promotion of International trade sign agreement
Azerbaijan, Baku, April 18 / Trend A.Akhundov /
The China Council for the Promotion of International Trade (CCPIT) and the Azerbaijan Export and Investment Promotion Fund (AZPROMO) signed a memorandum of understanding in Baku on Thursday.
The document was signed by the head of AZPROMO Rufat Mammadov and CCPIT Vice Chairman Chang Wei.
The document was signed within the framework of the Azerbaijani-Chinese business forum held in Baku.
According to the Deputy Minister of Economic Development Niyazi Safarov, there is a reliable legal framework for the development of relations between Azerbaijan and China which includes more than 20 signed documents.
"The economy of both countries is developing dynamically which expands the potential of mutual trade relations," Safarov said.
According to him, 69 companies with Chinese capital operate in Azerbaijan. They are mainly involved in trade, construction, agriculture and communications.
The business forum was attended by officials from both countries as well as representatives of companies representing the food industry, construction, production trucks, ICT, energy, logistics, processing and tourism.