Details added (first version posted at 11:55)
Baku, Azerbaijan, Nov. 7
By Anvar Mammadov – Trend:
Azerbaijan and Monaco have signed three memorandums on mutual cooperation.
The signing took place within the framework of the Azerbaijan-Monaco business forum held in Baku Nov. 7.
Memorandums between the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and Monaco Economic Board, between Azerbaijan Chamber of Commerce and Industry and Monaco Economic Board, as well as between Azalternativenerji LLC and Chamber of Renewable Energies and Ecology of Monaco were signed within the framework of the forum.
Azerbaijani Deputy Minister of Economy Sahil Babayev noted during the business forum that Azerbaijan may become a country for Monaco, which allows getting access to the markets of other countries in the South Caucasus region and the CIS.
“Azerbaijan for Monaco is not only a potential market with a population of almost 10 million people,” Babayev said. “We have free trade agreements with the CIS countries and Georgia, we can actually provide Monaco access to the market with a population of more than 200 million people.”