Baku hosts Azerbaijan-EU business forum

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Baku, May 18 AZERTAC

The second Azerbaijan-EU business forum has started in Baku.

The forum was attended by members of government, representatives of EU Baku-based office, entrepreneurs of about 200 companies.

Rector of ADA University Hafiz Pashayev said such forums were indicator of development of EU-Azerbaijan relations.

Minister of Economy Shahin Mustafayev highlighted the steadily developing Azerbaijan-EU relations. Mustafayev stressed importance of extension of cooperation in agriculture, ICT, tourism, pharmacology and other fields.

Mr. Mustafayev said the EU was the main foreign trade partner of Azerbaijan. “The EU countries made direct investments worth $2.7 billion in Azerbaijan's non-oil sector, that is 35 percent of the total volume of direct investments in this sector of the country,” he said.

The Minister also added the Southern Gas Corridor was one the main infrastructure projects of EU.

Head of EU Delegation in Azerbaijan Malena Mard said carrying out the economic reforms in the country opened new opportunities for European companies. “The EU was the biggest economic partner of Azerbaijan. EU was ready to support the efforts of the Government in the field of carrying out the reforms,” she added.

The forum will focus on exchange of opinions on business and investment in Azerbaijan.

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