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EU ambassador: “Rule of law in Azerbaijan is important for European investors”

03 February 2021 11:09 (UTC +04:00)

“The European Union is Azerbaijan's most important trading partners,” said Kestutis Jankauskas, Head of the EU Delegation to Azerbaijan, while speaking at the opening ceremony of the project "Support further development of Alternative Dispute Resolution services and Specialised Courts in Azerbaijan" jointly implemented by the European Union (EU) and the Ministry of Justice of Azerbaijan, APA reports.

“We hope that the EU-Azerbaijan Business Forum, which did not take place last year, will be held this year. A Business Climate Survey will be published soon. This is a traditional survey conduct regularly on the activities of EU businesses in Azerbaijan,” Head of the EU Delegation emphasized.

According to him, companies which are considering investments, study business environment and ask variety of questions. “They stress that well functional rule of law and judicial system is very important for their business in that country. Azerbaijan has been working on various reforms in this area for years, and we are interest in advancing these reforms further. Last year was important for Azerbaijan and a lot of work is outstanding in the regained territories. We have noted Azerbaijan’s interest to rebuild better, greener, using modern technologies. That could be a potential areas of future cooperation. We hope that the business component between Azerbaijan and the European Union will grow in the future. For this reason, certainly, the rule of law is a fundamental issue. I note with pleasure that the Delegation of European Union has been in a forefront of work creating alternative dispute settlement structures in Azerbaijan, training mediators, and now we will take that work further into the area of arbitration, building capacity of commercial and administrative courts”.

Note: According to the EU Delegation to Azerbaijan, a mistake was made in the interpretation of the speeches. The editorial department has updated the text taking into account the review of the Delegation.