Azernews.Az

By Sara Rajabova

Documents signed between Azerbaijan and San Marino on the elimination of double taxation and the exemption of visa requirements for persons having diplomatic and service passports will have a positive impact on the development of relations between the two countries.

Azerbaijan’s Economy and Industry Minister Shahin Mustafayev made the preceding remark during a meeting with San Marino’s Foreign Minister Pasquale Valentini on September 8, the ministry reported.

Azerbaijan and San Marino signed an agreement on the exemption of visa requirements for persons with diplomatic and service passports, and the convention on the avoidance of double taxationwith respect to taxes on income and on capital following a meeting between Azerbaijan’s Foreign Minister Elmar Mammadyarov and Valentini.

During the meeting with San Marino’s FM, Mustafayev noted the development of political and economic relations between the two countries.

He said a draft agreement on encouraging and protecting mutual investments between Azerbaijan and San Marino is at the consultation stage.

Noting the importance of networking between businessmen of the two countries, Mustafayev stressed the importance of the signed documents, and mutual visits.

He also talked about the possibilities of cooperation between the two countries in the fields of agriculture, industry, petrochemicals, tourism, ICT, and renewable energy.

During the meeting, the minister informed guest about Azerbaijan's economy, noting that the country has established political and macroeconomic stability.

Azerbaijan is a reliable partner in the international arena, an economic and cultural center for the region, and the initiator and one of the main participants in large transnational projects, according to Mustafayev.

Mustafayev also spoke about Azerbaijan's fair position on the Armenian-Azerbaijani Nagorno-Karabakh conflict, stressing that the aggressive policy of Armenia is a major obstacle for regional development.

Armenia occupied over 20 percent of Azerbaijan's internationally recognized territory, including Nagorno-Karabakh and seven adjacent regions, after laying territorial claims against its South Caucasus neighbor and causing a lengthy war in the early 1990s.

Valentini, in turn said San Marino is interested in expanding ties with developing Azerbaijan.

He outlined his views on the development of economic relations between the two countries, spoke about the possibility of San Marino in investing in Azerbaijan’s tourism, ICT, and infrastructure and discussed the economy of his country.

Diplomatic relations between Azerbaijan and San-Marino were established on April in 2002. Azerbaijan’s ambassador to Italy, Vaqif Sadiqov, is currently the nonresident ambassador of Azerbaijan to San Marino.

Prior to meeting with Mustafayev, Azerbaijani President Ilham Aliyev and Foreign Minister Mammadyarov received Valentini. The sides discussed the expansion of ties between the two countries.

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Sara Rajabova is AzerNews’ staff journalist, follow her on Twitter: @SaraRajabova

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