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Azerbaijan and Kuwait to Create Norman Base to Expand Trade Operations

Business Materials 12 December 2006 19:03 (UTC +04:00)

The Economical Bodies of Azerbaijan and Kuwait began working out the project of Agreement on co-operation. The first discussions regarding the document took place in Baku last weak, Trend reports quoting the Azerbaijan Ministry of Economic Development.

The delegation headed by the Deputy Minister of Trade and Industry of Kuwait, Rashid Al Said Yusif Tabtabai, visited Azerbaijan.

It is considered in the Ministry that creating normal base will assist in expanding the commercial and economical relations between the two countries. Presently the trade turnover between Azerbaijan and Kuwait is very low. As per the result of 2005, commodities amounting to $202,000 had been imported from Kuwait, this figure equaled $4,1,000. Export operations between the two countries are at the level of zero.

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