Azerbaijan has enough potential to export its agricultural products to the US markets, Deputy Assistant Secretary of Commerce for Europe, the Middle East and Africa at the US Department of Commerce Michael Lally said.
Azerbaijan has determined its way by setting the task to develop the non-oil sector of the economy, he said.
Lally said that as a result, new investments could be attracted to Azerbaijan.
He also stressed the US businessmen’s growing interest in Azerbaijan.
Lally added that the economic cooperation between Azerbaijan and the US, based on the 25-year history, was expanding.
At present, Azerbaijan and the US focus on cooperation in non-oil sector, he said.
The American Chamber of Commerce in Azerbaijan (AmCham) has prepared a document with 16 recommendations for further development of trade and investment relations between the US and Azerbaijani businessmen and further improvement of the investment sphere in Azerbaijan, he said.
He added that the representatives of 34 US companies visited Azerbaijan in the last three years and held around 200 meetings with potential Azerbaijani partners.
Those visits and meetings brought some results, in particular, the US Honeywell company opened its office in Baku and other agreements were reached, he said.
Lally added that Azerbaijan should take some measures for the development of non-oil sector.
Lally emphasized great prospects for the Azerbaijan-US cooperation in the field of ICT and agriculture.
Taking into account Azerbaijan’s potential to export agricultural products to the European and US markets, that area must develop well, he said. (Trend/Business World Magazine)