ISRER Azerbaijan and ECOSF agree to collaborate on Economics of STI

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The Institute of Scientific Research in Economic Reforms (ISRER) under the Ministry of Industries and Economic Reforms of the Republic of Azerbaijan, ECO Economic Research Center and ECO Science Foundation (ECOSF) have agreed in principle to cooperate and collaborate to study the economics of Science, Technology and innovation (STI) in the ECO Region. This understanding was reached at a discussion between the President ECOSF Dr. Manzoor Hussain Soomro and the Director of ISRER Azerbaijan Dr. Vilayat Valiyev and his team during a formal meeting of the two scientists at ISRER Baku- Azerbaijan on 17 Sept 2015. Dr. Vilayat Valiyev is also the lead person guiding the under process establishment of ECO Research Center (ECORC) at ISRER Baku. ISRER is engaged in using mathematical modeling in economic evaluation and projections of development projects.

For the promotion of science, technology and innovation (STI) in the ECO member states, the two teams during discussions, agreed in principle that initially, the ISRER and ECORC will develop a concept proposal to work out the model for analyses of STI projects to be considered by ECOSF. President Soomro represented the ECOSF while the ISRER/ECORC team was led by Dr. Vilayat Valiyev flanked by his team members Ms. Arzu Husenova and Ms. Aynura Ismayilova. An expert Mr. Suat Lemi Sisik from ECOMod Turkey- an ISRER collaborator, was also present on the occasion.

At the end the two sides thanked each other for the trust and cooperation. Dr. Soomro thanked Dr. Valiyev for his excellent hospitality, logistics and assistance in organizing some other meetings in Baku. Dr. Vilayat Valiyev expressed his desire to also collaborate with Pakistani institutions such as Pakistan Institute of Development Economics (PIDE) Islamabad. To which Dr. Soomro assured for exploring the possibilities and feedback to ISRER accordingly.

President ECOSF with Director ISRER of Azerbaijan Dr. Vilayat Valiyev in Baku