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First Azerbaijani- Israeli agro-business forum commenced its work in Baku

Business Materials 20 February 2006 15:06 (UTC +04:00)

The Azerbaijani-Israeli agro-business forum started its work today in Baku. The Azerbaijan Ministry of Economic Development (MED), the Investment and Export Facilitation Foundation (IEFF) and the Embassy of Israel to Azerbaijan initiated the event, Trend reports.

The Azerbaijan Minister of Agriculture Ismet Abbasov, his deputy Bahram Aliyev, deputy Minister of Economic Development Mikail Djabbarov, the Ambassador of Israel to Azerbaijan Artur Lenk, the IEFF head Emil Medidov take part in the forum.

The agro-business forum participants from the Azerbaijan side underlined the interest to cooperate with the Israel agrarian enterprises and exchange of experience. The Israeli side noted the readiness to share its countys experience in agricultural development, to implement joint projects with local companies in the packing production and processing sectors, introducing irrigation systems.

According to Aliyev, the agrarian sphere of Azerbaijan has currently some problems in veterinary, plant growing, cattle-breeding. В"Рђzerbaijan maintains export-import relations with 121 countries in the agrarian field and processing enterprises need to be set up in fruit-growing, melon-growing and packing enterprises, he noted.

Djabbarov stressed the role of foreign investments in the country economic development, noting $20 billion have been invested in Azerbaijan.

The forum will last till 21 February in Guba, involving Artur Lenk, heads of the districts executive power and representatives of the Azerbaijani-Israeli enterprises.

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