Azerbaijan starts cooperation with Thai company

The Small and Medium Business Development Agency (KOBIA) under the Economy Ministry of Azerbaijan, the Economic Zones Development Agency (EZDA) and Thailand’s Supreme Pharmatech Co., LTD company signed a tripartite Memorandum of Understanding, Report informs, citing KOBIA.

The document was signed by the Chairman of the Board of KOBIA Orkhan Mammadov, the Chairman of the Board of EZDA Elshad Nuriyev and the General Director of Supreme Pharmatech CO., LTD Yuri Nelepchenko.

The memorandum provides for the implementation of joint activities, programs and projects in the field of pharmaceuticals, support for the development of local human resources, organization of training for SMEs, research, information and interaction of SMEs so that they can contribute to the pharmaceuticals and nutritional supplements sector, as well as the implementation of joint activities for the development of the local raw material base, including the production of pharmaceutical products to support the supply chains.

Also, within the framework of the event, an agreement was signed between EZDA and the joint Azerbaijani-Thai company Supreme Pharmatech Manufacturing.