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Azerbaijan, Argentina sign agreement on trade and economic cooperation

Trend, Azerbaijan

Azerbaijan, Argentina sign agreement on trade and economic cooperation

27 July 2012

Azerbaijan, Baku: The Azerbaijani and Argentine foreign ministers signed an intergovernmental agreement on cooperation in trade-economic sphere.

The Foreign Ministry told Trend today that Azerbaijani and Argentine foreign ministers Elmar Mammadyarov and Hector Timerman signed the document.

It was stressed that the mutual establishment of embassies in the two countries, mutual visits conducted during the last period, strengthening a political dialogue between the parties, as well as a business forums have opened up broad opportunities to expand cooperation between Azerbaijan and Argentina.

The ministers also discussed international and regional issues, including the Armenian-Azerbaijani conflict settlement.

The views on cooperation within international organizations were exchanged. The opportunities of strengthening the relations in trade-economic, scientific spheres, the implementation of joint projects in such areas as energy, agriculture, agribusiness, pharmaceuticals, ICT and construction were discussed.

The parties stressed the importance of signing the discussed documents on expanding the legal framework of cooperation between the two countries, particularly in promoting and mutual protecting investments, avoiding double taxation and cooperating in science, culture, tourism, communications, IT and justice.

The ministers held a joint press conference after the signing ceremony.

The importance of Mammadyarov’s visit to Argentina and the discussions in terms of intensifying bilateral cooperation were stressed. It was also emphasized that the intergovernmental commission on economic cooperation to be established on the basis of the agreement will be an important factor in developing the cooperation between the two countries and coordinating specific projects.

Mammadyarov also met with Argentine Minister of Agriculture, Livestock and Fishing Norberto Yahuar and Minister of Federal Planning, Public Investment and Services Julio De Vido.

He informed the ministers about Azerbaijan’s development strategy, the projects in the energy sector and infrastructure development, as well as large projects undertaken by Azerbaijani companies in other countries.