Azerbaijan, Slovakia planning to ink deals in economic sphere

Business Materials 24 May 2017 14:53 (UTC +04:00)

Vienna, Austria, May 24

By Ilaha Mammadli, Azad Hasanli – Trend:

Azerbaijan and Slovakia plan to sign a number of agreements in the sphere of investments, agriculture and taxes, Head of Azerbaijan’s diplomatic mission in Slovakia Jafar Huseynzade told Trend May 24.

Huseynzade said that as of today, the contractual base between the two countries is based on 7-8 agreements, which doesn’t reflect the level of existing capacity.

“Currently, we work to expand the contractual base in four directions – political, economic, cultural and humanitarian spheres. As part of this work, we prepared several documents, among which there are agreements on investment promotion, on avoidance of double taxation, on cooperation in the field of education and tourism,” said the diplomat.

“We also work on a strategic cooperation document. It is important that the issue of settlement of the Nagorno-Karabakh conflict within Azerbaijan’s territorial integrity will be reflected in this document.”

Three more documents, noted Huseynzade, on preparation of which work is being carried out, touch upon various areas of cooperation in the field of agriculture: this is the cooperation in the field of veterinary medicine, plant cultivation and, in general, in the agrarian sector.

However, the diplomat added that these documents will be signed not earlier than 2018.

“We also aimed at creating a joint commission, which will help to stimulate mutual investments and establish closer cooperation in the economic sphere. That is why we want this commission not to be an intergovernmental one, but to operate between the economy ministries of the two countries,” said the head of Azerbaijani diplomatic mission.

According to him, Azerbaijan and Slovakia have good opportunities for development of cooperation in the spheres of tourism and education.

“Particularly, we have quite big potential for cooperation in the tourism sphere. We are working to simplify the visa regime between our countries. Slovakia is very attractive in terms of tourism, because at the European level of quality, services are offered here at lower prices. As for the sphere of education, it should be noted that Slovakia’s universities provide qualitative education, and the cost of education in them is also lower than in Germany and Austria. Meanwhile, universities offer language courses for foreign students, which facilitates studying in this country,” noted Huseynzade.