Azerbaijan-Germany High Level Working Group on Trade and Investments has convened in Berlin for its 3rd meeting, Consulate General of Azerbaijan in Germany has told AzerTAc.
The event saw discussions on current state of economic and trade relations between Azerbaijan and Germany.
Honorable consul Otto Hauser said the two countries enjoyed high level bilateral cooperation, stressing the importance of meetings of working groups.
He said Azerbaijan and Germany were effectively cooperating in energy and trade. Mr Hauser praised diversification of Azerbaijani economy. He described Azerbaijan as the most important partner of Germany in the Caucasus region.
"With huge energy resources, Azerbaijan, which has geographically and strategically favorable position, as well as diversified opportunities for transport of energy from Asia to Europe, was the 9th largest oil exporter together with Saudi Arabia and Algeria to Germany," the consul said.
Speakers at the meeting said Azerbaijan would play a role of main supplier of South corridor gas line. They praised the decision to transport Azerbaijani gas to Europe via TAP pipeline, saying this paved the way for the opening of the South gas corridor.
They noted that at the same time, Azerbaijan reached a direct access to Europe through pipe for the first time in its history.
Participants of the meeting pointed out that economic relations between the two countries had considerably developed in last years.
According to them, the bilateral trade reached 2.25 billion euros in 2012, while it was 1 billion in 2006. They said last year Germany was the third largest exporter to Azerbaijan.
The speakers said diversification of Azerbaijani economy opened up interesting opportunities for both sides. They said German companies can be a good partner for Azerbaijan with their technology, equipments and know-how, and that it can pave the way for development of sustainable and competitive industry, establishment of strong service sector and high profile infrastructure.
The sides expressed keenness to bolster the bilateral economic cooperation.
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