The EU Business Mission was comprised of representatives of EU businesses and diplomatic missions. The business trip was intended to explore investment opportunities, as well as to gain insight into the current development trends in the region.
Meetings took place with the local administration, agricultural service centre (DAIM) and a number of leading agribusiness companies. At the first meeting in the Lankaran State Center for Agrarian Development, a presentation was held on the agricultural sector in Lankaran and participants were informed about e-services and innovative technologies.
Afterwards, the economic situation of the region was overviewed with the attendance of Mr Chingiz Ahmadov, Head of Lankaran Regional Department of the Ministry of Economy. In addition, a meeting with Astara Chay LLC was organised during the visit. In the meeting participants were informed about the company’s overall activities, a trip to the tea processing and packaging plant took place, and partnership opportunities were discussed. The Mission also included meetings with Gilan Agro Citrus, Lankaran Canning Factory and Lankaran Tea Factory.
A representative of the EU Delegation attending the Business Mission, Mr Rainer Freund, stated: "We are glad to explore development opportunities that can be further supported by EU assistance and also specific investment opportunities of interest to EU agribusinesses. Lankaran economic region is a subject to the upcoming action program called 'EU for Lankaran region in Azerbaijan' that aims at harnessing the economic potential of the region amongst other by enhancing the fruit and vegetable sector competitiveness through development of applied agricultural research and promotion of collaborative undertakings of the market actors in the sector."
The EU Business Mission is part of a support project for the EU-Azerbaijan Business Forum, which will take place in Baku on 13 June 2019. The project is funded by the European Union and implemented by the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan).