Azernews.Az

The opportunities for presentation of Macedonian companies at Azerbaijani market, as an important country in the Caspian region, was discussed at Monday's talks between representatives of the Economic Chamber of Macedonia and Chamber of Commerce of Azerbaijan, MINA reported.

Participation of Macedonia's companies at several fair events, planning of legal framework for bilateral economic ties, improvement of exchange of information system and organising business forum with companies from Azerbaijan was agreed during the visit to Azerbaijan by the Macedonian business delegation led by Chamber's President Branko Azeski.

"If those prerequisites are to be met then there is an opportunity to see our products at this important regional market," Economic Chamber of Macedonia said in a press release.

Azerbaijan's GDP is estimated at $93.5 billion and GDP per capita is $10.000. Azerbaijani export amounts $34.5 billion and import of goods and services is $10.2 billion. Previous economic exchange between Macedonia and Azerbaijan was at very low level. Only goods from pharmaceutical and food industry from Macedonia can be found at Azerbaijan's market.

Last week's agreement signed between Economic Chamber of Macedonia and Union of Chambers and Commodity Exchanges of Turkey - TOBB for joint presentation of Macedonian and Turkish companies at Azerbaijan's market is worth mentioning aimed at opening new markets for Macedonian companies, the chamber said.