“Azerbaijan and Uruguay have an interesting similarity,” said Cancela. “Our countries aren’t very large, but they play an important role in the development of their regions. I believe that in the near future, our countries can become centers for the development of our regions. I also hope that we will not only expand our economic and trade relations with Azerbaijan, but also be able to develop trade relations with other countries in the region with the help of Azerbaijan.”
The head of the Azerbaijani Export and Investment Promotion Foundation (AZPROMO) Rufat Mammadov, speaking at the business meeting, said about the impact of such meetings on the developing relations between Azerbaijan and Uruguay.
“Azerbaijan and Uruguay have well-developed political relations, but it’s necessary to continue developing them in trade and economic sphere as well,” said Mammadov. “Such events play an important role in the development of economic relations between the two countries.”
A presentation of business and investment climate in Uruguay took place following the meeting.
The trade turnover between Azerbaijan and Uruguay in 2014 was $5.767 million, about 99 percent of which fell on the import of Uruguayan products, according to the State Customs Committee of Azerbaijan. In January-July 2015, the trade turnover between the countries amounted to only $119,340, which is almost 24 times less than the same period last year ($2.827 million).
Uruguay intends to develop trade relations in region through Azerbaijan
14 September 2015
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Azerbaijan can help Uruguay to develop trade relations with the countries of the region, Deputy Minister of Foreign Affairs of Uruguay Jose Luis Cancela said Sept.14 within the framework of an Azerbaijani-Uruguayan business meeting held in Baku.
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