Baku to host Azerbaijan-U.S. business forum
By Nigar Abbasova
Azerbaijan, which places a serious emphasis on the attraction of foreign investments, will host an Azerbaijan-U.S. business forum on December 1.
The event, which will be organized by the US-Azerbaijan Chamber of Commerce (USACC) is supported by the U.S. Embassy in Baku and Azerbaijani Embassy in Washington, D.C.
Business climate of is developing rapidly in Azerbaijan, representing enormous opportunities for both local and foreign companies.
Business forum and business meetings bear huge importance for the enhancement of the relations between the entrepreneurs of the two countries and provision of the information about investment environment, ongoing large-scale projects in Azerbaijan.
Azerbaijan is increasingly becoming known for its pro-business attitude, as the country provides a number of advantageous and favorable conditions both for local and foreign investors.
Being established in 1995, the USACC is considered to be a vital resource for American companies seeking to establish long-term business ties with Azerbaijan. The chamber was one of the key driving forces behind the world's two most strategic and ambitious regional energy projects, including the Baku-Tbilisi-Ceyhan oil pipeline and the Baku-Tbilisi-Erzurum gas pipeline, both of which are operational today.
Trade turnover between Azerbaijan and the US amounted to $416.2 million in January-September 2016, more than $338 million of which accounted for the import of American goods.
Azerbaijan currently ranks 65 out of 189 countries in the World Bank’s Ease of Doing Business index.
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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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