Azernews.Az

There is a strong legal framework for trade and economic ties between Azerbaijan and Serbia, Azerbaijani Economic Development Minister Shahin Mustafayev said at the Azerbaijani-Serbian business forum on Monday in Baku.

"Relations between the two countries are developing successfully, and a particularly good dynamics is being observed in recent years. This is provided by mutual visits of the heads of the two countries. Relations are developing in all fields - political, economic, cultural, humanitarian," Mustafayev said.

Serbia has always supported Azerbaijan in the Armenian-Azerbaijani Nagorno-Karabakh conflict, he underscored.

"Mmutual investments and trade are expanding. The project to build roads in Serbia by AzVirt is an example," Mustafayev said.

A meeting of Azerbaijan-Serbia Intergovernmental Commission on economic cooperation, co-chaired by Rasim Ljajich from the Serbian side, will take place tomorrow.

The business forum is supported by the Azerbaijani Ministry of Economic Development and Azerbaijan Export and Investment Promotion Fund (AZPROMO). The event will be attended by about 90 entrepreneurs operating in the areas of agriculture, construction, food processing, tourism, engineering, and other fields.

According to the State Customs Committee, the trade turnover between Azerbaijan and Serbia amounted to $21.24 million in January to September, with the share of imports at $21.22 million.