Sunday, 18 November 2018 01:33 GMT
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Norway is open to explore potential fields of trade co-op with Azerbaijan: state secretary (Exclusive)



(MENAFN - Trend News Agency ) Baku, Azerbaijan, Oct.18

By Leman Zeynalova – Trend:

Norway is open to explore potential fields of trade cooperation with Azerbaijan, Daniel Bjarmann-Simonsen, state secretary to Norway's minister of trade, industry and fisheries told Trend

Simonsen noted that trade between Norway and Azerbaijan is limited.

"In 2017, we exported goods to Azerbaijan for $119 million and we imported goods for $8.8 million," he said.

The state secretary pointed out that Norway is an open economy, with a small population but with relatively high purchasing power.

"Norway is dependent on importing many of the products we consume. Norwegian companies are also dependent on access to the world markets for their exports," said Simonsen.

He said that Norway's main imports from the world are machinery, vehicles and electrical equipment, while it mainly export oil, gas and seafood.

"We are open to explore potential fields of trade cooperation between Norway and Azerbaijan that lie within the interests of our respective business communities," he added

It should be noted that several Norwegian companies are operating in Azerbaijan, the largest one being Equinor. The company has shares in Azeri-Chirag-Guneshli block of oil and gas fields, Shah Deniz gas and condensate field and Baku-Tbilisi-Ceyhan oil pipeline.

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Norway is open to explore potential fields of trade co-op with Azerbaijan: state secretary (Exclusive)

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