WASHINGTON D.C. - On June 9, the United States-Azerbaijan Chamber of Commerce (USACC) the United States Agency for International Development (USAID) Mission in Azerbaijan, and Azerbaijan Export and Investment Promotion Foundation (AZPROMO) signed a memorandum of understanding on establishing a partnership to support agricultural export and investment. The partnership will facilitate Azerbaijani small and medium-sized agribusinesses to access foreign markets, including North America, European Union and the Gulf region.
“Today the parties are embarking on a new level of partnership which will open new avenues for further promotion of agriculture sector of Azerbaijan and attracting investments to Azerbaijan’s non-oil sector”, said Reza Vaziri, USACC Board Chairman, during the signing ceremony.
USACC, USAID and AZPROMO will partner to help diversify the non-oil, rural economy in Azerbaijan by increasing the capacity, productivity, improved technology, and competitiveness of horticultural production, particularly of dried fruits, persimmons, and strawberries. Through the tri-lateral collaboration, called the Agricultural Export and Investment Support Initiative, the partners will conduct export market research, support facility and process improvements, and facilitate compliance by Azerbaijani agribusinesses with international standards in order to increase exports. The initiative will also promote U.S.-Azerbaijani agribusiness linkages by supporting Azerbaijani agribusiness participation in exhibitions and trade missions abroad and organize buyers’ missions to Azerbaijan, bringing buyers and sellers together.
As a result, growers, processors, and exporters of horticultural crops in Azerbaijan will increase their yields and quality, add more value to their produce, and diversify their sales markets, leading to broad-based economic growth and resiliency.
Source: USACC
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