Azerbaijan’s economy is being rapidly developed, Jose Manuel Garcia-Margallo y Marfil, Spanish foreign minister, told reporters April 26.
“I have been in Azerbaijan several times and every time I see the rapid development of the country’s economy,” the minister said.
The minister said that significant changes and progress were achieved in the areas of regulation and legislation.
During the business forum, Shahin Mustafayev, Azerbaijani economy minister, informed the Spanish delegation on the country’s ongoing reforms to improve the business and investment spheres and expand the entrepreneurship.
Mustafayev stressed the broad opportunities for expanding the cooperation in a number of areas of the non-oil sector.
“Azerbaijan-Spain relations are being successfully developed in various spheres,” Mustafayev said. “The sides have great potential for developing the cooperation in the fields of agriculture, export of agricultural products, food, tourism and others.”
Baku hosted the Azerbaijani-Spanish business forum April 26. Some 120 businessmen, representing various sectors of the economy, including the construction sector, industry, agriculture, transport, energy, aircraft manufacturing, consulting services, etc. attended the event.
According to the Azerbaijani State Customs Committee, the trade turnover between Azerbaijan and Spain amounted to 37.85 million manat in the first quarter of 2016. Some 26.13 million manat accounted for the export of Azerbaijani goods.