Azernews.Az

French Foreign Trade Minister Nicole Bricq will visit Azerbaijan in late June, French Ambassador to Azerbaijan Pascal Monnier told journalists.

He stressed that the purpose of the visit is to attend a meeting of the French-Azerbaijani intergovernmental economic commission.

The previous meeting of the commission was held in Paris in September 2011. Azerbaijani delegation was headed by Minister of Finance Samir Sharifov, the French side - Secretary of State for Foreign Trade Pierre Lellouche.

It was decided at the meeting to strengthen and enhance cooperation of TOTAL and GDF SUEZ with State Oil Company of Azerbaijan SOCAR. The meeting has also emphasized the leading role of the Baku-Tbilisi-Ceyhan oil pipeline and Baku-Tbilisi-Erzurum gas pipeline in ensuring energy security of the EU.

It was suggested during the discussions to ensure the participation of Azerbaijani and French companies in the conferences, seminars, business forums, trade fairs and exhibitions related to exports, trade and investment.

The meeting considered possible setting up of a joint investment fund between Azerbaijan Investment Company and French financial institutions in order to develop non-oil sector and implement investment projects in this area.

Azerbaijan has invited French companies to actively participate in tenders held jointly with international financial organizations in the reconstruction of water supply and sanitation.

The commission backed the cooperation between Azerbaijan Airlines and Airbus aimed at future purchases of short-, medium-and long-haul aircraft.

The meeting also discussed the long-term development of trade relations between the two countries, the developing and expanding cooperation in infrastructure projects, civil aviation and air transport, rail, motor and urban transport, space and telecommunications technologies, finances, reducing the risk of emergencies and other areas.

The sides also exchanged views on current cooperation between Azerbaijan and the European institutions and the country's cooperation with France in other areas that require to be improved for WTO accession.