(MENAFN- AzerNews) Azerbaijan's Small and Medium Business Development Agency and
Georgia's Chamber of Commerce and industry have signed a memorandum
of understanding (MoU) on cooperation, Azernews reports.
The document was signed by Agency Board Chairman Orkhan Mammadov
and Chamber President Giorgi Pertaia during the IX meeting of the
joint intergovernmental commission on economic cooperation between
Azerbaijan and Georgia.
The memorandum provides for cooperation in expanding relations
between Azerbaijani and Georgian SMBs, an exchange of information
in the trade, investment, and entrepreneurship sectors, as well as
an exchange of experience on SMBs support and other issues.
Diplomatic relations between the two countries were established
on November 18, 1992.
Azerbaijan and Georgia are collaborating in a variety of
economic sectors. In 2021, the two countries' trade turnover
totaled $763.6 million, with exports accounting for $661 million
and imports for $102.6 million.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @ayyalmahamad
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Tags: azerbaijan georgia cooperation memorandum of understanding small and medium business development agency (smbda)
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