The document was signed by President of the Confederation Mamed Musayev and President of RUIE Alexander Shokhin.
According to the document, the parties undertake to assist in the implementation of interstate agreements between Azerbaijan and Russia in the field of trade, economic and investment cooperation, as well as in the development of appropriate mechanisms for its effective implementation within the framework of their rights and opportunities. The parties will promote the establishment and development of relations, contacts and long-term mutually beneficial relations between the business circles of the two countries.
The agreement also reflects the desire of the parties to solve problems and eliminate obstacles that may be encountered by economic entities - members of the two organizations in the process of cooperation, including in the field of labor relations, taxation, customs procedures, regulation of the mechanism of mutual payments and transport.
In addition, the parties will provide comprehensive assistance to the development and deepening of economic relations at the inter-regional level and the creation of effective forms of cooperation in this direction.