Baku: The National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan (ASK) and the Manufacturers Association of Israel (MAI) have entered into a new business alliance by signing a Memorandum of Understanding (MoU) during the Azerbaijan-Israel business forum. This significant agreement marks a step forward in strengthening economic ties between the two nations.

According to Azerbaijan State News Agency, the MoU was signed by ASK President Mammad Musayev and MAI Deputy Chairman Natanel Haiman. The memorandum sets the framework for organizing business visits between Azerbaijan and Israel. It also aims to explore mutual investment opportunities, facilitate B2B meetings, and develop cooperation between the private sectors of both countries.

The agreement further includes provisions for the exchange of experience and knowledge in various areas, promoting a collaborative environment for business development and innovation. The MoU is expected to open new avenues for economic growth and partnership, benefiting both Azerbaijani and Israeli enterprises.