A Memorandum between Azerbaijan Entrepreneurs Confederation and TUMKIAD was signed

Today Memorandum of Understanding was signed between the Azerbaijan Entrepreneurs Confederation and the Turkish Association of Business People and Entrepreneurs (TUMKIAD). ASK Vice-President Vugar Zeynalov and TUMKIAD Board Chairman Ilhami Ozturk signed the memorandum.

Vugar Zeynalov informed about the ASK and the economic potential of our liberated territories, as well as the ongoing reconstruction work. He said that there are ample opportunities for Turkish companies to participate in this reconstruction work. Noting that Karabakh’s economic specialization is ready, the ASK Vice-President spoke about specific areas of development in the regions and proposed to hold the next meeting in the format of a business forum.

In turn, Ozturk congratulated Azerbaijan on the victory and said they were ready for cooperation.

It should be noted that the memorandum envisages cooperation between the two countries to expand trade, investment opportunities, cooperation between the private sectors, and to further develop the investment climate for joint work.

It should be noted that TUMKIAD’s visit to Azerbaijan covers January 21-22, and the organization will hold meetings with economic organizations of the country.