(MENAFN- Trend News Agency ) Baku, Azerbaijan, April 23
By Ilkin Shafiyev - Trend:
An excise customs post will appear on the border between Azerbaijan and Russia in the near future, Azerbaijani Economy Minister Shahin Mustafayev told reporters in Baku April 23.
He said that this will help facilitate the export of tobacco products and alcoholic beverages of Azerbaijani origin to Russia.
'Previously, Azerbaijani products were sent first to Georgia and then to Russia for this purpose,' he noted.
Mustafayev also mentioned successful development of trade relations between the two countries.
'The bilateral trade turnover between Azerbaijan and Russia increased by 22 percent last year,' he said. 'In January-March this year, the trade turnover grew 32 percent, while Azerbaijani exports to Russia grew 50 percent.'
Azerbaijan's trade turnover with Russia amounted to $2.14 billion in 2017, about $1.5 billion of which accounted for the import of Russian products to Azerbaijan, according to the State Customs Committee of Azerbaijan.
Follow Trend on Telegram. Only most interesting and important news
MENAFN2304201801870000ID1096758146
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.