Belarus, Azerbaijan sign agreement

Belarusian President Alexander Lukashenko approved the draft intergovernmental agreement signed with Azerbaijan on promotion and reciprocal protection of investments with the modifications and additions of a fundamental nature, made as a result of negotiations with the Azerbaijani side. The president signed the corresponding decree Apr.1, Belta reported with reference to the presidential press - service.

Belarusian Foreign Minister Sergei Martynov has been authorized to sign the agreement.

In 2009, foreign trade turnover between the countries reached $141.928 million compared to $ $94.786 million.

"Growth rates on export and import operations hit 149.73 percent in 2009. The achieved normative and legal basis promoted this growth," Belarusian Ambassador to Azerbaijan Nikolay Paskevich said earlier.

The core of expanding economic relations is production cooperation, Paskevich said. He stressed that tractor production is ongoing at a Ganja plant.

Paskevich said the first production batch has already commissioned on the base of MAZ. Presently, the ganja plant prepares for production of special municipal engineering.

"AZAL and Belavia plan to make four flights per week in summer from Minsk to Baku. The number of business contacts between our countries has increased and we already have two flights per week," Paskevich said.

A major task in the trade and economic sphere for 2010 is to establish joint ventures, intensify production cooperation and create long-term economic cooperation, the ambassador said.


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