Korea Offered Azerbaijan to Establish Collaboration Development Fund

Business Materials 29 August 2006 16:21 (UTC +04:00)

Korean government offered Azerbaijan to establish a collaboration development fund, trend reports quoting Elshan Mamedzadeh, Chief of Investments and International Economic Co-operation with the Ministry of Economic Development.

The fund budget will be calculated to allow for organization of collaboration, in particular for business-forums.

В"This proposal is still being discussed as we have never had such collaboration before, while they are experienced in itВ", he said.

Korea displays big interest in energy-related projects. В"Like all developed countries, they are concerned in their energy security. And we want to develop the fields they are already experienced in, like electronics, machine engineering, telecommunicationsВ", he outlined.