"Investments are the main driving force for the development of any country," said President of the Republic of Azerbaijan Ilham Aliyev as he received a delegation from the U.S. Chamber of Commerce, APA reports.
"We have always been open to foreign investments, with our legislation, including production sharing agreements, which were signed 30 years ago. Not a single word has been changed.
I know that this is not the case anywhere else in the world. Sometimes, when you negotiate, you make some concessions, and then you want to reconsider them. That never happened here because we were absolutely sure that you have to build trust, especially in a country that was in a very poor situation, as I mentioned, at the beginning of the 1990s. You have to build trust over the years, and only one wrong step can ruin that trust. So we were lucky that we didn’t make that wrong step. On the contrary, today, the number of companies that work with us is growing. The geography of our international relations is also expanding. Strategic partnership documents, agreements, and declarations have been signed with many countries, some of which are not on good terms with each other. But I have always said that Azerbaijan will never be an area of confrontation; it will be an area of cooperation," added head of state.
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