MOSCOW TIME: 16.07.2019 05:39:18


Trade between Azerbaijan, Russia grows 23%

Trade between Azerbaijan, Russia grows 23%

The trade turnover between Azerbaijan and Russia grew 23 percent in the first quarter of this year.

“Trade relations are developing very successfully,” Azerbaijan’s Economy Minister Shahin Mustafayev said.

Last year, according to our statistics, the growth in trade turnover was about 19 percent. In the first quarter of this year, trade has increased by 23 percent. However, we believe that there is an even greater potential for increasing mutual trade. We look forward to a long-term cooperation. We have agreed that the Russian side will provide us with information about the demand, in particular, for agricultural products for the long term. Thus, we will be able to inform our producers in which segments of Russian market there is demand.

The minister noted that the Azerbaijani side is ready to ensure production, processing, logistics and do everything necessary together with the Russian side in order to deliver these products to the Russian market in the stipulated time frame and at a qualitative level.

We will expand and update the infrastructure of two more border posts and all the necessary work will be carried out, he said. It is likely that we will meet in Dagestan next week and discuss these issues again. We want to ensure conditions for the most comfortable transportation of goods across the Azerbaijani-Russian border. An agreement on free trade has been signed between our countries, and this gives us great opportunities. In addition, we will come to an agreement with the customs authorities, and an online exchange of information will be ensured. All the certificates necessary for export and import of goods will be sent online.

Further, the minister spoke about the cooperation between Azerbaijan and Russia in the transport sector, emphasizing the role of the North-South route.

The North-South International Transport Corridor is already operating, he said. Cargo from Russia is delivered to Iran via Azerbaijan and in the opposite direction. Last year, cargo turnover along this route increased more than eight times. This is while in the first quarter of this year, the cargo turnover increased about two times. We believe that the unrealized potential is even greater.



Trade Export Azerbaijan Russia

Share this:

Share this Share this Share this


15.07.2019 Orel Regions High-Tech Export To Germany

From January to April, 2019 Orel regions export to Germany increased by 7% compared to the same period of 2018 and amounted to $5.9 mln.

15.07.2019 Pskov Regions Export To Spain Increased By $1.64 mln

From January to April, 2019 Pskov regions export to Spain went up by 1.64 mln. compared to the same period of 2018 and amounted to $1.65 mln.

12.07.2019 Russias Fuel Element Export To Slovakia Doubled

In 2018 Russia became the worlds largest exporter of fuel elements (cartridges). Its export volume amounted to $981 mln or 44% of worlds fuel element export.



October 1-5, 2019 Moscow (Russia)

17.07.2019 II International Export Forum TIME TO EXPORT

July 17, 2019 Ufa (Russia), Congress Hall Toratau


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education

03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners