ECONOMY
AZPROMO becomes WAIPA`s regional director
Baku, February 18 (AZERTAC). Azerbaijan Export and Investment Promotion Foundation (AZPROMO) has been reelected a regional director of the World Association of Investment Promotion Agencies (WAIPA).
As an active member of WAIPA, AZPROMO will lead a Directorship of South Caucasus and Central Asia in this organization for more than two years. Elections to the Directorship took place at the 18th World Investment Conference, which was held in Geneva on 11-12 February.
The Conference saw a discussion of a wide range of issues, including involvement of direct investments, infrastructural investments, effects of business environment rankings and methods to affect rankings, and involvement of direct foreign investments based on knowledge.
AZPROMO is a joint Public Private Initiative, established by the Ministry of Economic Development in 2003 aims to increase non-oil FDI inflow in Azerbaijan as well as to stimulate strengthening and expansion of the country`s non-oil export capacities.