President Aliyev: Good conditions created for German companies to work in Azerbaijan

Azerbaijani President Ilham Aliyev has said that good conditions have been created for German companies to operate in Azerbaijan.

He made the remarks at a meeting with German Eastern Business Association CEO Michael Harms in Munich, Azertag reports.

The head of state praised the country’s successful experience with German companies. The Azerbaijani leader underlined both countries cooperate in a variety of fields including industry, trade and economy.

The Azerbaijani president hailed the trade turnover increase between Azerbaijan and Germany and described the surge of mutual export as a positive factor.

Aliyev said Azerbaijan is the European Union’s reliable partner, adding there are close ties between the European Union and Azerbaijan.

He stressed that Azerbaijan is an attractive destination for foreign investors and Harms on the ongoing reforms in various fields including customs and tax spheres.

The head of state detailed steps undertaken towards the establishment of free trade zones and increased logistics and transport capabilities in Azerbaijan. The Azerbaijani leader said there are ample opportunities for the operation of German companies in Azerbaijan, and invited the member companies of the German Eastern Business Association to make a familiarization visit to Azerbaijan.

President Ilham Aliyev emphasized there is significant room for the representation of German companies in rebuilding works in the liberated lands.

Aliyev mentioned the “Azerbaijan 2030: National Priorities for Socio-Economic Development”, adding that it outlined strategic priorities for the development of Azerbaijan’s economy and set the stage for the development of cooperation between the two countries, including that with German companies.

The president highlighted the renewable energy development projects in Azerbaijan, the EU-Azerbaijan energy partnership and underlined the importance of the strategic energy document signed last year between Azerbaijan and the European Union with the participation of European Commission President Ursula von der Leyen.

The head of state stressed Azerbaijan has enormous renewable energy potential both in the Azerbaijani section of the Caspian sea and onshore, saying steps had been taken towards developing this project within the partnership with the EU and that there are great opportunities for cooperation with German companies in this field.