Yashar Aliyev said that the U.S. cooperation is highly appreciated in Azerbaijan in the ceremony where President George Bush, the officials of protocol department and nine newly appointed ambassadors attended.

"We have always felt the U.S. support in the establishment and strengthening of sovereign country. Azerbaijani president Ilham Aliyev during his visit to White House in April stressed that our countries share the same values," he said.

The Ambassador Yashar Aliyev stressed that he believes that the U.S., the co-chair country of OSCE Minsk Group and one of leading countries of the world will try to settle Armenia-Azerbaijani problems and Nagorno Karabakh Conflict. President Bush noted, that he's glad to meet new ambassador in Washington and highly estimates the friendship with Azerbaijan.

"Azerbaijan that established State Oil Fund for distributing the oil incomes of Baku-Tbilisi-Ceyhan can be example for some other countries. We support economic and political reforms in Azerbaijan," he said.

George Bush emphasized the important role of Azerbaijan in fighting against terrorism and pointed out that Azerbaijan is strong partner of the U.S.

US will support Azerbaijan's cooperation with NATO and EU.

The American President stressed that Azerbaijan and Armenian conflict continues to break the stability in South Caucasus and called for the sides to settle the problem peacefully and to look for the ways of building confidence between these countries.

"The USA supports the territorial integrity of Azerbaijan. Being the three co-chairs of OSCE Minsk Group we will try to continue our work with leaders for regulating the conflict soon."