BAKU: An Azerbaijani-British working meeting has been held in Baku as part of the visit of Lord Mayor of the City of London, Alan Yarrow to Azerbaijan.
Economy and Industry Minister Shahin Mustafayev highlighted developing relations between Azerbaijan and Great Britain, stressing on the importance of reciprocal visits in expanding cooperation.
He said Azerbaijan and Great Britain are closely cooperated in various fields of economy, adding British companies participated in energy projects carried out in Azerbaijan. The minister said cooperation in various fields of economy had great potential.
The visit of the British delegation would contribute to further expanding cooperation between the two countries he stressed, noting on the significance of establishing the Azerbaijani-British Intergovernmental Commission in terms of development of economic relations.
The minister also provided an insight into Azerbaijan’s economy, saying macro-economic stability and economic development was provided in Azerbaijan, adding that fruitful business and invest environment had been established in the country.
Mustafayev also highlighted the role of Azerbaijan in ensuring the energy security of Europe.
In his turn, Yarrow highlighted the successfully developing Azerbaijani-British ties, as well as the importance of reciprocal visits in expanding cooperation. He applauded the successes of Azerbaijan in various fields, as well as its diversification of its economy.
The event saw the presentation by Head of Azerbaijan’s Export and Investment Promotion Foundation, Rufat Mammadov on the country’s economy, as well as its business and investment environment.
Azerbaijan and the United Kingdom cooperate in various fields, including energy, trade and investment. Currently there are 543 companies with British capital in Azerbaijan, as well as the UK has invested$ 20 billion in Azerbaijan’s economy.
