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Azerbaijan - Italy economic relationships enhance

On July 18 Azerbaijan-Italy business meeting was held. Alongside with officials from both countries, the business owners dealing with financies, construction, agriculture, logistics and other fields attended the event.
Deputy minister of Economy Rufat Mamadov informed about economy diversification in Azerbaijan, development of non-oil sector, the masures carried out towards permanent improvement of business environment, stimulation of private sector development, export enhancement, actions taken for promotion of “Made in Azerbaijan” brend and foreign investments as well and the prospects of improvement of Azerbaijan-Italy economic relationships. It was noted that up to now about 100 Italien companies have been registered in our country. Azerbaijan-Italy relationships cover various spheres of economy, mutual investments are being realized. It was emphasized that for enhancement of Azerbaijan-Italy relationships and promotion of cooperation between business owners were held 18 busness forums and business meetings up to now, in 2015 Azerbaijan was for the first time represented at “Milan Expo 2015” exhibition in Italy with national stand. Rufat Mammadov noted the role of Azerbaijan-Italy Intergovernmental Commission in enhancement of bilateral relationships and informed that four meetings of Commission have been held.
Deputy minister of Economic Development of Italy Mikele Jerachi noted that his country attaches great significance to the relationships with Azerbaijan and is interested in the developement of cooperation with our country. It was also noted that our countries successfully cooperate in different fields of economy and the prospects for improvement of these relationships are wide.
At the event were held round tables on relationships and cooperation prospects between Azerbaijan and Italy in energy, infrastructure, transport and logistics, agriculture fields.
At the round table held with the participation of representatives from both state and private sectors on “Energy and green technologies”, exchange of ideas was made on the cooperation and realization of mutual projects between Azerbaijani and Italien enterprises dealing with energy sector, the presentations on companies activity made as well.
It was noted that the cooperation between Azerbaijan and Italy develops in various spheres. At the round table the development directions in energetics between our countries were highlightened and noted that the potential in restorable energy of Azerbaijan and “green technologies” creates wide prospects in realization of numerous projects.
At the round table on “Infrastructure, transport and logistics” were discussed the opportunities of cooperation enhancement in transport-logistics field, the information on the favourable infrastructure enabled in Azerbaijan, as well as on the prospects created through Baku-Tbilisi-Gars railway and Baku International Sea Trade Port and other issues provided, the discussions were made also on the relationships enhancement taking advantage of these possibilities.
At the round table on “Agroindustry and transformation of agriculture” exchange of ideas was made on experience of both countries in this field, implementation of state-of-the-art technologies here and export enhancement, the companies made presentations as well. The representatives of different state authorities and the companies dealing with agriculture attended the event. Exchange of ideas was made on improvement of cooperation in agriculture and export as well.