Korea-Azerbaijan business forum held in Seoul

Korea-Azerbaijan business forum held in Seoul
# 24 April 2007 16:54 (UTC +04:00)
Business forum with participation of Azerbaijani and Korea businessmen ended in Seoul. Azerbaijan president Ilham Aliyev addressed the forum, APA reports quoting Azertaj State Information Agency. Azerbaijan president invited Korean businessmen to closely cooperate with Azerbaijan stressing favorable investment environment established in Azerbaijan.
“We are open for South Korean companies and support their investments. Concrete project are under consideration and the total cost of these projects amounts to $ 1 billion. Azerbaijani president invited Korean state officials and businessmen to visit Azerbaijan in summer. More than 40 Azerbaijani and about 60 Korean businessmen attended the business forum. The speeches stressed the bilateral trade volume hit 115 million US dollars. Memorandums of understanding were signed between the two states in the meeting.
These memorandums call for construction of wind-power station and shipping plant in Baku. /APA/

Politics

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