'Meeting to Develop the Road Map for Enhancing Intra-OIC Trade' held in Baku

Opening the event, Azerbaijan's economic development minister Shahin Mustafayev briefed the participants on the ongoing economic reforms, favorable business climate and investment opportunities in his country. He said Azerbaijan had the world`s most rapidly developing economy. Mustafayev added, that international financial organizations praise ongoing economic reforms in Azerbaijan. The minister also underlined, that Azerbaijan was a favorable country for foreign investors.

President of the Islamic Development Bank (IDB), Ahmed Mohammed Ali thanked Azerbaijan`s leadership for hosting the 35th meeting of the organization. He said the IDB and Azerbaijan had “close cooperation”.

Ahmed Mohammed Ali stressed the importance of the Road Map, saying it will contribute to strengthening trade among member states. He said the IDB aims to achieve a ten-fold increase in the volume of trade with Islamic countries.

Other speakers at the meeting pointed out the Road Map would contribute to boosting cooperation among members of the IDB, as well as hailing the favorable economic climate created in Azerbaijan. The meeting itself will last till June 22.


/AzerTAc/