TODAY.AZ / Business

AZPROMO opens office in China

06 May 2016 [14:15] - TODAY.AZ

/By Azernews/

By Rashid Shirinov

Azerbaijan Export and Investment Promotion Foundation (AZPROMO) has opened a representative office in China to support and encourage relations between the two countries’ businessmen. It aims to expand Azerbaijani goods export to the Chinese market and attract China's leading investment funds to the Azerbaijan economy.

AZPROMO is a joint public-private-initiative, established by the Ministry of Economy and Industry of Azerbaijan in 2003 with the aim to contribute to the economic development through attracting foreign investments in the non-oil sectors of economy. In 2005, its functions were expanded, including the stimulation of country's exports of non-oil goods to the overseas markets.

The company has a network of international representative offices in Georgia, Austria, U.S., Germany and UAE as well.

AZPROMO assists the companies established in Azerbaijan in their intentions for entering foreign markets. Its wide network of foreign representations and partners offer good opportunity for companies to improve and expand their export capacities.

Elmar Mammadyarov, Minister of Foreign Affairs of Azerbaijan held a meeting with his Chinese colleague, Wang Yi during his recent visit to China in March 2016. They noted that both countries support one another’s territorial integrity, sovereignty and inviolability of their internationally recognized borders.

Expressing Azerbaijan’s support to the Silk Road Economic Belt initiative of China, Mammadyarov highlighted that Azerbaijan is an important part of the East-West and North-South transport corridors. It was also noted that the test container trains departed from China successfully reached the final destination along this route.

Wang Yi said that China gives high importance to the development of the transport corridors and stands ready for further advancing the cooperation with Azerbaijan in all fields.

URL: http://www.today.az/news/business/150466.html

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