Prime Minister of Ukraine and Minister of Economic Development of Azerbaijan discussed the prospects of deepening trade-economic cooperation between the States

Prime Minister of Ukraine Volodymyr Groysman on Monday had a meeting with Minister of Economic Development of the Republic of Azerbaijan Shahin Mustafayev. The parties tackled possible ways to enhance collaboration in trade and economic spheres between the States and increase in trade turnover, new potential areas of bilateral partnership.

The sides noted that the level of economic and trade cooperation has a great potential for the development.

Among the promising areas for deepening interaction Volodymyr Groysman and Shahin Mustafayev, in particular, singled out mechanical engineering, aircraft construction, chemical industry, agriculture and tourism, including medical tourism.

"We are completely open for your business", stressed Volodymyr Groysman. He briefed his interlocutor about the Government's actions to improve the investment climate in Ukraine, namely the establishment of the Investment Support Office.

The Prime Minister noted that in October there would be summoned a regular meeting of the joint Ukrainian-Azerbaijani intergovernmental commission for economic cooperation.

In turn, Shahin Mustafayev said that day there had taken place an opening of the Ukrainian-Azerbaijani business forum and in its framework business circles of Azerbaijan and Ukraine had had a meeting.

"This forum is underway - we have just opened it up with my colleagues. The political will is present, the legal framework has already been developed, all preconditions to ensure further development of economic cooperation provided by the two governments", said the Minister of Economic Development of Azerbaijan.

Speaking about bilateral partnership, the Minister of Economic Development of the Republic of Azerbaijan highlighted the prospects of their development in the field of engineering. "This is an important direction. We would like to use the experience of Ukraine and set up joint ventures in Azerbaijan", he said.

Apart from that, the interlocutors touched upon perspectives to increase transit potential of the countries. Volodymyr Groysman expressed Ukraine's interest in the use of Trans-Caspian international transport route aimed to raise the intensity of the movement of goods.

Prime Minister of Ukraine noted that he had initiated the summit of GUAM member countries due on March 27 with the participation of Deputy Prime Minister of Azerbaijan Ismet Abasov. At the summit there will be signed documents on bilateral trade between Ukraine and Azerbaijan.