Morningstar: WTO Accession beneficial for Azerbaijan

Presentation of the book "Guide of the Milli Majlis of the Azerbaijan Republic", published by the American Chamber of Commerce took place  on Friday at the Hyatt Regency Hotel.

AmCham is a nonprofit organization supporting the business climate in Azerbaijan. The Association was established in 1996, and has 240 members. Business structures entering the Association implemented about 80 percent of foreign investments in Azerbaijan.

The U.S. Ambassador to Azerbaijan, Richard Morningstar, spoke at the ceremony. America is ready to assist the development of the economic climate in Azerbaijan.

"We are interested in the growth of American companies in Azerbaijan," said Morningstar. According to him, Azerbaijan's economy has achieved significant results, but needs further development. America is also ready to assist in the diversification of the economy of Azerbaijan and development of the non-oil sector of the country. America is also interested in the growth of their companies in the energy sector. To date, only one U.S. company is present in the energy sector of Azerbaijan.

Morningstar also expressed a hope for Azerbaijan’s soon joining the WTO.

"I do not know how serious the intent of Azerbaijan is concerning joining the WTO, but we take it seriously. Joining the WTO and the adaptation to the requirements of the WTO will benefit the economy of Azerbaijan," said Morningstar.-03B06-

 

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