GCC-Azeri Business Forum Promotes Trade, Tourism

  • Date: 16-Mar-2021
  • Source: Asharq AL-awsat
  • Sector:Tourism
  • Country:Gulf
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GCC-Azeri Business Forum Promotes Trade, Tourism

A Gulf-Azerbaijan forum has stressed the importance of supporting private sector initiatives in the field of food projects and technical industries and bolstering import, export, tourism and health.

The Gulf Cooperation Council (GCC)-Azeri Business Forum kicked off on Monday in al-Khobar, eastern Saudi Arabia.

The forum stressed the need to establish GCC-Azeri e-platforms, especially for investors and business people, to enable them to facilitate the registration of commercial companies and identify the available investment opportunities.

The Federation of the GCC Chambers, in cooperation with the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) organized the forum, which offered a package of proposals and recommendations.

These included promoting channels of dialogue and communication between GCC states and Azerbaijan to bolster cooperation in economic, trade and investment activities and holding an exhibition for GCC and Azeri products.

The Forum aimed to introduce the services and investment opportunities provided by both sides to the business sector in their countries, as well as future projects.

Chairman of the Federation of GCC Chambers Sameer Nass highlighted the need for more joint bilateral work, especially since the trade exchange figures between both sides are considered modest.

In 2018, the value of trade exchange was estimated at $83 million, of which $55 million were from