BD, Azerbaijan discuss ways to bolster trade ties

The state minister for foreign affairs has met with Azerbaijan foreign minister Elmar Mammadyarov in Baku and discussed the opportunities of strengthening bilateral relations, reports bdnews24.com.

Md Shahriar Alam said Bangladesh and Azerbaijan have the "opportunity to explore further economic and trade cooperation building on the sound momentum in our bilateral political ties".

The meeting took place on the sidelines of the 18th NAM Mid-term Ministerial Meeting ended in Baku on Friday.

The two ministers agreed to further expedite the conclusion of the bilateral agreements on protection of investment and avoidance of double taxation.

They also agreed to work on creating an institutional mechanism to conduct high-level Foreign Office consultations on a regular basis.

Alam requested the Azerbaijan authorities to favourably consider the product registration applications by two pharmaceutical companies from Bangladesh.

They agreed that bilateral business forums could help promote further contacts between the private sectors of the two countries, including in the tourism and hospitality sector.