BAKU, Azerbaijan, June 15
By Fidan Babayeva - Trend:
The American Chamber of Commerce (AmCham) in Azerbaijan has over 80 percent of all foreign investments and a big part of local investments in the country, Member of the Board of Directors, Vice President of AmCham, Nargiz Nasrullayeva-Muduroglu told Trend.
“Over the past two decades, AmCham has been working very closely with the Azerbaijani government to develop and improve various sectors of the economy,” Nasrullayeva-Muduroglu said.
“During this period, we have offered over 300 recommendations through such projects as White paper and Position paper,” vice president of AmCham said.
“Being an active member of working groups under various state structures, AmCham was directly involved in the development and implementation of many bills," Nasrullayeva-Muduroglu said.
Referring to the White Paper, the vice president stressed that the document has been issued by the American Chamber of Commerce every two years over the past decade.
"After the issuance of the White Document, a process that affects absolutely all levels of the Chamber begins,” Nasrullayeva-Muduroglu said. “Each member of the Chamber can participate in the process of preparing this document through the sectoral committees. We evaluate and analyze the results and changes that the previous issuance of the White Document made in Azerbaijan.”
“All members of the Chamber have the opportunity, through the committees in which they are members, to make recommendations,” the vice president added. “The specific chapters are prepared by sectors within the committee.”
“Then it is transferred to the board of directors of the Chamber, and we, as members of the board of directors, have been working very actively for several months to completely improve and put all the necessary accents," Nasrullayeva-Muduroglu said.
The vice president stressed that after the issuance of one White Document, the work on the next issue begins as it is very important for the recommendations of the Chamber to be relevant, timely and modern.
AmCham, founded in 1996, consists of more than 260 partners and members operating in every sector of the Azerbaijani economy. It is a leading private non-profit business association that supports and promotes the interests of foreign and local businesses in Azerbaijan.
The "White Document" is based on the opinion of the AmCham members and reflects the general opinion on changes in the business environment and in other spheres of Azerbaijan.
Moreover, the "White Paper" includes the "Overview Part" covering the most important issues for Azerbaijan and the "Second Part" with detailed recommendations on more specific issues.
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