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Azerbaijan, Georgia economic co-op body hold talks in Baku

24 July 2010 08:36 (UTC+04:00)
BAKU - The sixth meeting of intergovernmental commission on Azerbaijan-Georgia economic cooperation held in Baku on Friday.
Azerbaijan’s Prime Minister Artur Rasizade addressed the meeting highlighting relationship between the two countries. He underscored the role of the intergovernmental commission in development of bilateral cooperation. Rasizade noted Azerbaijan-Georgia relations could be an example for other countries.
According to him, the trade turnover between the two countries made up $454,9 million last year and reached as much as $175,4 million during January-May this year.
The Prime Minister also touched upon the economic development processes in Azerbaijan, saying despite the global financial crisis the country’s economy grew by 9, 3 percent.
Georgian Prime Minister Nika Gilauri praised the relationship between the two countries. He expressed confidence that Azerbaijan-Georgia political, economic and humanitarian cooperation would continue to deepen. Gilauri noted the volume of investments that Azerbaijan makes in Georgian economy increases by the year.
The sides also discussed how to expand bilateral cooperation in trade, energy, transport, communication, agriculture, border and customs, protection of environment and other fields.
Prime ministers Rasizade and Gilauri signed a Memorandum of Understanding on increasing competitiveness of transport corridor between Azerbaijan and Georgia and the final protocol of the sixth meeting of intergovernmental commission.

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