According to Ministry of Economy, the meeting was co-chaired by Azerbaijani Minister of Economy Shahin Mustafayev and the UK Minister for Trade and Investment Francis Maude and attended by officials and businessmen.
Minister Shahin Mustafayev said 473 British companies operate in Azerbaijan: “The UK companies participate in the projects implemented in our country as contractors. The UK has invested over $23 bln in Azerbaijan’s economy”.
Mustafayev noted that Working Groups on Trade and Investments, Finance and Professional Services, Oil and Gas operate within the Intergovernmental Commission and prospects for cooperation in relevant fields between Azerbaijan and the UK were discussed at the meetings held on February 10-11.
The UK Minister for Trade and Investment Francis Maude said his country is interested in extension of relations between Azerbaijan and the UK, underlining that the discussions held in the meeting will be important for economic cooperation.
At the end of the meeting, Shahin Mustafayev and Francis Maude signed a protocol on results of the 1st meeting.
Envisaging extension of cooperation in economy, trade, investment, industry, tourism, energy, education, culture and etc, the document also says that the UK does not recognize independence of the Nagorno Karabakh and supports peaceful settlement of Armenia-Azerbaijan, the Nagorno Karabakh conflict.
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