The 25th International Business Forum (IBF) organized by Azerbaijan’s Small and Medium Business Development Agency and Turkey’s Association of Independent Industrialists and Entrepreneurs (MUSAID) kicked off in Baku on November 15.
The main purpose of the forum, which was founded in 1995 and is held annually in different countries, is to develop bilateral trade and economic relations between the countries, create models of sustainable cooperation, strengthen investment cooperation and business relations. On November 13, the Agency held a press conference devoted to the 25th International Business Forum. IBF President, Founder of MUSIAD Erol Yarar and Agency’s Chairman Orkhan Mammadov informed about the upcoming forum and answered the journalists’ questions.
Mammadov underlined that the forum will be important for investors to know more about the economic and investment potential of Azerbaijan, including the liberated Karabakh region.
“We are pleased to host the 25th International Business Forum in Baku and to support the event… Among the goals of the forum is the establishment of direct ties between local and foreign investors, new cooperation between representatives of small and medium-sized businesses and the implementation of joint investment projects,” he said.
In turn, noting that Azerbaijan has great potential in tourism, agriculture and healthcare, Erol Yarar stated that taking this into account it is possible to increase the volume of trade between the two countries. He added that the Karabakh region’s economic development is one of the priority issues for Azerbaijan, which liberated its lands from Armenia’s occupation in the 44-day second Karabakh War in 2020. “We would like to make a contribution and for this purpose, we decided to hold the 25th International Business Forum in Azerbaijan.
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