At the opening meeting in Baku,  the President of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO),   Mr  Rufat Mammadov welcomed the Australian delegation to Baku and expressed his view that Azerbaijan and Australia must bring the trade relations up to the level of current political relations between the countries.

Mr Mammadov said that “Azerbaijan has many ideas and projects which our Australian colleagues may be interested in.”   The President added that although Australian companies are mainly at work in Azerbaijan’s oil and gas sector, the country could offer many other projects in the non-oil sector of the economy.

According to the Azerbaijani State Customs Committee, trade turnover between Azerbaijan and Australia amounted to $3.7 million in January-August 2017, $3.3 million of which accounted for imports of Australian products.

The first Azerbaijan-Australia business forum is being held in Baku from 16 to 22 October.  The delegation consists of representatives of 30 companies operating in across many economic sectors, including tourism, finance, real estate and others.