Agenda of EU-Azerbaijan business forum disclosed

By Azernews

By Amina Nazarli

The business forum between the European Union and Azerbaijan will take place in Baku on June 8 with organization of the German-Azerbaijani Chamber of Commerce and support of the EU.

Five sectors, including agriculture and food, environmental technologies, transport and logistics, ICT and e-commerce, as well as the economic reforms carried out in Azerbaijan will be the major discussion points of the event.

More than 400 participants are expected to attend the forum. The government officials, experts of relevant public institutions and international company representatives will participate in the event.

The EU is Azerbaijan ?s biggest economic partner representing 44 percent of its total trade and providing the largest share of foreign direct investment to Azerbaijan.

The Union has repeatedly voiced support to Azerbaijan in its reform efforts, and aims at increasing networking and contacts between companies that will increase trade and economic activity even further.

The EU has 28 Member States with a total population of more than 500 million people and is hence, after China and India, the most populous region in the world. 

With its single market, the European Union is the biggest economic actor in the world, with an annual GDP of around 14 trillion euros, and 20 percent of global trade. It is worldwide – by far - the main source of FDI inflow and outflow to the rest of the world.