Azernews.Az

Azerbaijan and Bosnia and Herzegovina signed three documents following talks between Presidents Ilham Aliyev and Bakir Izetbegovic in Baku on Thursday.

The two countries committed to cooperate on education, as well as inked the convention on lifting double taxation from profits and property and preventing tax evasion. The other agreement envisions waiving visas for diplomats and holders of service passports.

During the two presidents' meeting, the parties welcomed the development of political relations between Azerbaijan and Bosnia and Herzegovina, stressed cooperation opportunities in economic, humanitarian aid and other fields as well as voiced confidence in further development of bilateral relations.

A joint business forum was held in Baku on Thursday as part of the Bosnia and Herzegovina delegation's official visit to Azerbaijan.

Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and the Chamber of Commerce of Bosnia and Herzegovina signed a memorandum of understanding during the forum.

Acting head of AZPROMO Rufat Mammadov said at the business forum that the economic relations between the two countries are rapidly developing in a variety of fields. "...Bakir Izetbegovic's official visit once again proves the positive trend of the development of these relations."

"The main purpose of today's event is intensive development of trade relations between the two countries, as well as closer cooperation in the economic sector," he said. "Moreover, issues and proposals concerning the development of investment relations will be discussed at the business forum."

About 70 companies operating in construction, communication technologies, environmental protection and other sectors of Azerbaijan and Bosnia and Herzegovina joined the business forum.

Bosnia and Herzegovina's First Lady Sebia Izetbegovic, who arrived in Azerbaijan with the country's leader, visited Sehrli Ilmeler (Magic Stitches) gallery owned by Azerilma Ltd, a carpet weaving company.

She was informed that Azerbaijan has been a country known for various handicrafts, particularly carpet-making, for ages. Azerbaijani carpets adorn many museums and private collections around the world.