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Azerbaijan, Bosnia and Herzegovina to cooperate in various spheres

16 November 2017 13:08 (UTC+04:00)
Azerbaijan, Bosnia and Herzegovina to cooperate in various spheres

By Aygul Slmanova

Baku hosted the Azerbaijan-Bosnia and Herzegovina business forum, with participation of about 60 businessmen from both countries.

Co-organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and supported by the Economy Ministry on November 15, the event brought together businessmen engaged in agricultural, food, industry, finance, ICT, construction, textile and service sectors.

During the meeting Azerbaijan and Bosnia and Herzegovina stressed they are keen to expand cooperation in various spheres with a particular focus on alluring fields of economy for investing.

Speaking at a business meeting, Head of AZPROMO Rufat Mammadov highlighted the measures taken to expand non-oil exports and promotion of investments in Azerbaijan, emphasized the importance of export support mechanisms in expanding the foreign economic relations of the country and increasing export opportunities.

It was noted that favorable conditions were created in the country for the activities of foreign companies and businessmen of Bosnia and Herzegovina could benefit from these opportunities.

Djemal Memagic, Mayor of Bosnia and Herzegovina’s Olovo town, made remarks on the importance of cooperation between the two countries. He said his country offers Azerbaijan to cooperate in several spheres.

He added that the purpose of the visit of Bosnia and Herzegovina’s delegation is to reveal spheres in which both countries could cooperate in the future.

“Olovo town is widely known for its metallurgy, textile industry and construction,” Memagic said. “Bosnia and Herzegovina can offer Azerbaijan to cooperate in economy, tourism, as well as in some other spheres.”

“Moreover, Azerbaijan carried out several successful reforms that we could apply in Bosnia and Herzegovina,” he said. “We are also trying to develop our economy and our country is very attractive for investment-making.”

The data of the Azerbaijani State Customs Committee shows that the trade turnover between Azerbaijan and Bosnia and Herzegovina amounted to about $713,000 for 10 months of 2017.

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