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US ready to assist Azerbaijan in stimulating private sector (UPDATE)

Business Materials 19 November 2015 14:52 (UTC +04:00)
The US supports the measures taken by Azerbaijani government to develop the private sector in the country.

Details added (first version posted on 12:19)

Baku, Azerbaijan, Nov.19
By Anvar Mammadov - Trend:

The US supports the measures taken by Azerbaijani government to develop the private sector in the country, the US Charge d'Affaires to the country Dereck Hogan told reporters Nov.19.

He made the remarks during Azerbaijan-US business forum in Baku with participation of the US businessmen delegation which is on a visit to the country.

The US welcomes the stimulation of development of the private sector in Azerbaijan, as well as the work carried out by the country to attract foreign investments, according to Hogan.

He added that the US is ready to render not only diplomatic, but also technical assistance so that the goals set by Azerbaijani government would be achieved.

Hogan said that very constructive meetings have been held as part of the US delegation's visit to Baku.

During the visit, the two sides discussed the priority areas of cooperation and the potential for further expanding the trade and economic relations, he added.

Trade turnover between the US and Azerbaijan stood at $1.06 billion in Jan.-Oct. 2015, according to the State Statistical Committee of Azerbaijan. The import of goods from the US to Azerbaijan has increased by 60.19 percent compared to Jan.-Oct. 2014 and stood at $743.58 million.

Edited by SI

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