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Agreement reached on Azerbaijan-Spain business forum

17 June 2011 10:15 (UTC +04:00)

President of the Confederationâ€™s International affairs Committee J. Banegas and ambassador at large of the Spanish Foreign Ministry on the Caucasian countries M.V. Scola attended the meeting.

Welcoming the guests, Banegas emphasized the rapid development of Azerbaijan, necessity of the Spanish companiesâ€™ access to this new market and said his organization was ready to contribute to this work. He said Mammadyarovâ€™s visit would contribute to finding new spheres for the development of cooperation between the two countries.

Noting his first official visit to Spain, Mammadyarov said they needed to change the situation in the economic and political cooperation between the countries. Informing about the Spanish companies operating in the Azerbaijani market and those who have willingness to come to Azerbaijan, Mammadyarov spoke about the situation of oil and gas industry of Azerbaijan, export process and said that there were great opportunities for investment of foreign companies in the country.

Noting the readiness of agreements on the elimination of double taxation and mutual protection of investments, which are the most important agreements between the countries, the minister underlined the importance of their signing, the signing of these agreements by the other corresponding organizations of our country and necessity of organizing Spanish corresponding organizationsâ€™ visit to Baku.

He also informed the event participants about the large projects carried out in Azerbaijan, noted the existence of various Spanish products in Azerbaijan, said that they have access to Azerbaijani market via third countries and invited the Spanish companies to establish relations with Azerbaijan.

The Minister also referred to the meeting with Secretary of State for Foreign Trade of the Ministry of Industry, Tourism and Trade of Spain Alfredo Bonet, informed the event participants about the agreement to hold Azerbaijan-Spain Business Forum and invited them to join that forum.

In his turn, president of the Organization of Confederations of Spanish Owners supported the above-mentioned Business Forum and accepted the invitation to Azerbaijan.