London hosts Azerbaijan-UK working group’s meeting

The first meeting of the Azerbaijan-UK intergovernmental commission for economic cooperation and a meeting of the working group on oil and gas kick off in London Feb. 11, the Azerbaijani ministry of economy said Feb. 11.

Azerbaijan’s delegation for the meeting is comprised of officials and businessmen. It is headed by Shahin Mustafayev, Azerbaijani economy minister, who co-chairs the intergovernmental commission.

Francis Maude, minister of state for trade and investment, is the co-chair of the commission from the UK’s side.

The meetings of the working groups on trade and investments, finance and specialized services operating as part of the intergovernmental commission and a forum dedicated to the education have been recently held.

Economic ties between the UK and Azerbaijan and prospects for their expansion were discussed during the meeting.

Trade turnover between Azerbaijan and the UK stood at $564 million in 2015, according to the Azerbaijani State Customs Committee.

Some $553.33 million of this figure accounted for import of UK products.

/By Trend/