ICCIA Board Meeting in Baku Witnesses Signing of Four Important Documents
Baku Hosts Signing of Four MoUs at Islamic Chamber of Commerce Meeting
July 17, Baku- The 35th meeting of the Board of Directors of the Islamic Chamber of Commerce, Industry and Agriculture (ICCIA) took place in Baku today, resulting in the signing of four important Memorandums of Understanding (MoUs).
The first MoU was signed between the Islamic Chamber Halal Services and the National Confederation of Entrepreneurs (Employers) Organizations of the Republic of Azerbaijan. This agreement aims to strengthen cooperation in the field of halal services and promote trade relations between the two parties.
The second MoU was signed between the Chamber of Commerce, Industry, and Agriculture of Mauritania and the ICCIA. This agreement seeks to enhance economic cooperation and promote bilateral trade between Mauritania and ICCIA member countries.
The third MoU was signed between Azerbaijan’s Small and Medium Business Development Agency (KOBIA) and the ICCIA. This agreement aims to foster collaboration in the development of small and medium-sized enterprises (SMEs) in Azerbaijan, with a focus on providing support and creating favorable conditions for their growth.
The fourth MoU was signed between the ICCIA, KOBIA, International Association of Islamic Business, Azerbaijan’s State Tourism Agency, and Caspian Event Organizers LLC. This agreement aims to strengthen cooperation in the fields of tourism, business development, and event organization, with a particular focus on promoting Islamic business and tourism in Azerbaijan.
The signing of these MoUs highlights the commitment of the ICCIA and its member countries to enhance economic cooperation, trade relations, and business development in the Islamic world. These agreements pave the way for greater collaboration and exchange of expertise between the signatory parties, contributing to the growth and development of their respective economies.
The 35th meeting of the ICCIA Board of Directors in Baku serves as a platform for fruitful discussions and exchange of ideas among representatives from member countries. It offers an opportunity to explore new avenues of cooperation and identify innovative solutions to common challenges faced by the Islamic business community.
As noted in the closing statement of the meeting, the ICCIA reaffirms its commitment to promote economic integration, enhance trade relations, and foster entrepreneurship within the Islamic world. It emphasizes the importance of collaboration, knowledge sharing, and capacity building to achieve sustainable economic growth and development.
The signing of these MoUs marks a significant milestone in the efforts of the ICCIA and its member countries to strengthen economic ties and create a conducive business environment. It sets the stage for further cooperation and collaboration in various sectors, contributing to the overall prosperity and progress of the Islamic business community.
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