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Azerbaijan-GCC states business forum to be held in Baku

9 October 2017 19:20 (UTC+04:00)
Azerbaijan-GCC states business forum to be held in Baku

By Rashid Shirinov

Baku will host a business forum between Azerbaijan and the countries of the Cooperation Council for the Arab States of the Gulf (GCC) on October 19-20, the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said on October 9.

Representatives of the GCC states’ companies specializing in various sectors of the economy will attend the business forum, which will be organized with the support of Azerbaijan’s Economy Ministry.

The GCC includes six countries – Bahrain, Qatar, Kuwait, UAE, Oman and Saudi Arabia.

Data of the State Customs Committee of Azerbaijan shows that the country’s trade turnover with the GCC states was $40.63 million in January-August 2017, and $15.68 million of them accounted for exports of Azerbaijani products. The largest part of the trade turnover accounted for the UAE – $24.42 million.

Business forums bear huge importance for the enhancement of relations between entrepreneurs and provision of information about investment environment, business climate and ongoing large-scale projects.

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Rashid Shirinov is AzerNews’ staff journalist, follow him on Twitter: @RashidShirinov

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