Azerbaijan and Austria discuss investment increases in ICT sector

Azerbaijan Materials 22 February 2012 14:43 (UTC +04:00)

Azerbaijan, Baku, Feb 22/ Trend G. Veliyev/

Azerbaijan and Austria are considering investment increases in ICT, the Communication and Economic Technologies Ministry in Azerbaijan reported on Wednesday.

An Azerbaijani delegation headed by Communications and IT Minister and co-chair of the Azerbaijani-Austrian intergovernmental commission on economic, agricultural, industrial, technical and technological cooperation Ali Abbasov is taking part in the seventh meeting of the intergovernmental commission on Feb. 21-22 in Vienna.

Yesterday, the sides discussed bilateral trade and economic relations and the Azerbaijani entry into the World Trade Organization.

During the visit, the delegation scheduled various bilateral meetings, including a meeting with the deputy general director of the UN Office in Vienna and the head of UN Office for space affairs.

Today, a business forum with more than 60 Austrian and 20 Azerbaijani companies will take place upon the initiative of the Austrian Federal Economic Chamber.

Azerbaijan and Austria took the preliminary decision on cooperation in the field of ICT during the sixth meeting of the Azerbaijani-Austrian intergovernmental commission, which took place in late 2011 in Baku.

The sides have reached an agreement on cooperation in the areas of regulation of the telecommunications market, the exchange of experience in the field of nanotechnology, the creation of technology parks, as well as the possibilities of money transfers between postal operators in Azerbaijan and Austria.

Recommendations on cooperation in the ICT field were summed up in the final protocol.