Azerbaijan, Germany set up taskforce on trade and investment
BAKU – The delegation of Azerbaijan led by Minister of Economic Development Shahin Mustafayev visited Germany to attend the joint business forum held in Berlin on Thursday, the ministry said.
The forum was attended by about 250 representatives of business community, representing various sectors of the economy such as agriculture, food processing, energy, finance, logistics and tourism.
Mustafayev said that this forum is significant to strengthen cooperation between the business communities of both countries. He also invited German investors to take advantage of the favorable investment environment in Azerbaijan.
According to the Minister of Economy and Technology of Germany Reiner Bruder, Germany is interested in expanding ties with Azerbaijan. He said the two countries had potential to do it.
As part of the business forum, a Memorandum of Understanding was signed between the Ministry of Economic Development of Azerbaijan and the Ministry of Economy and Technology of Germany on the establishment of working group on trade and investment.
On Friday, Munich hosted Azerbaijani-German business forum and a series of meetings of the Azerbaijani delegation.
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