Azerbaijan, Türkiye sign two memorandums of understanding PHOTO

Azerbaijan and Türkiye have signed two memorandums of understanding.

The Small and Medium Business Development Agency of Azerbaijan (SMBDA) under the Azerbaijani Economy Ministry and the Türkiye-Azerbaijani Business Council of the Foreign Economic Relations Board signed a Memorandum of Understanding on cooperation, Report informs citing SMBDA.

The memorandum envisages various measures to expand cooperation in small and medium-sized businesses.

The document was signed by Chairman of the Board of SMBDA Orkhan Mammadov and Deputy Chairman of the Türkiye-Azerbaijani Business Council Erdal Eren.

A Memorandum of Understanding on cooperation between SMBDA and the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRİC) was also signed at the meeting between Mammadov and Director General of SESRİC Zehra Zumrut Selcuk.

Currently, 11 memorandums of understanding and two protocols of intent have been signed between SMBDA and the Turkish relevant institutions.