A Memorandum of Understanding has been signed in Baku between the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and the Chinese e-commerce giant Alibaba Group, Report informs.

The document was signed by AZPROMO executive director Yusif Abdullayev and head of global strategic partnerships at Alibaba Group Tim Song as part of a seminar with the participation of SMEs in Baku.

The memorandum will facilitate the entry of products under the Made in Azerbaijan brand into new export markets.