Goods, produced in Azerbaijan's territory, which don't have certificates of origin issued by the country's relevant authorities, will not be admitted to Hungary's territory.
This agreement has been reached between the two countries within the memorandum of understanding signed June 28 in Baku during the 6th meeting of the Azerbaijani-Hungarian intergovernmental commission on economic cooperation.
Hungary will inform its legal entities and individuals about how to refrain from investing or providing any services in Azerbaijan's occupied territories.
The conflict between the two South Caucasus countries began in 1988 when Armenia made territorial claims against Azerbaijan. As a result of the ensuing war, in 1992 Armenian armed forces occupied 20 percent of Azerbaijan, including the Nagorno-Karabakh region and seven surrounding districts. The 1994 ceasefire agreement was followed by peace negotiations. Armenia has not yet implemented four UN Security Council resolutions on withdrawal of its armed forces from the Nagorno-Karabakh and the surrounding districts.
The memorandum between Hungary and Azerbaijan also envisages the expansion of cooperation in a number of directions - in the spheres of trade, investments, industry, energy, transport, ICT, health, education, culture, tourism, agriculture, environmental protection, youth, sports and science.
The document was signed by Azerbaijan's Economy Minister Shahin Mustafayev and Hungary's Minister of Foreign Affairs and Trade Peter Szijjarto.
Meanwhile, another memorandum of understanding has been signed between Hungary's Association of Industrial, Scientific, Innovative and Technological Parks and Azerbaijan's Sumgait Chemical Industrial Park.