(MENAFN- AzerNews) The German Delegation of the Confederation of Entrepreneurs of
Azerbaijan (ASK Germany) has signed a memorandum of understanding
with the German Federal Association for Economic Development and
Foreign Trade (BWA) in order to promote economic cooperation and
investment opportunities between Azerbaijan and Germany, Azernews reports.
Elnur Huseynov, the head of the German representative office of
ASK, and Urs Unkauf, the Federal Managing Director of BWA signed
the Memorandum in Berlin. The purpose of the agreement is to expand
cooperation in the fields of investment, import-export, and mutual
business projects. The memorandum seeks to create a framework for
joint initiatives, projects, and events to promote better
understanding and cooperation between the business communities of
Azerbaijan and Germany.
In addition, both institutions plan to invite a German business
delegation to Azerbaijan to explore investment opportunities. The
invitation process is currently ongoing and is expected to
stimulate the development of more trade and business relations
between Azerbaijan and Germany.
This strategic partnership between ASK Germany and BWA is an
important step forward in the development of economic partnerships
between Azerbaijan and Germany and is expected to create new
opportunities for investment and business cooperation in the coming
The Federal Association for Economic Development and Foreign
Trade (BWA) was founded in 2003 and has about 1000 members. This
organization brings together leaders from science, business and
public life who defend the ecological-social market economy. In
cooperation with the United Nations Conference on Trade and
Development (UNCTAD), it is an official sponsor of the World Trade
Points Federation (WTPF) in Germany, a global project database for
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