Azerbaijan cooperates with numerous regions of Russia - deputy minister
Date
2/21/2022 7:27:29 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Feb. 21
By Sadraddin Aghjayev – Trend:
The visits by business representatives of Russia's regions to
Azerbaijan are essential for the development of bilateral trade and
economic relations, Azerbaijani Deputy Minister of Economy Niyazi
Safarov told reporters, Trend reports.
According to him, the presidents of Azerbaijan and Russia play a
leading role in the enhancement of political and trade-economic
relations between the two countries.
'Friendship between the presidents and the decisions made at the
highest state level give a very serious impetus to the development
trade-economic ties. Despite the negative impact of the COVID-19
pandemic on the economies of Russia and Azerbaijan, the countries
have demonstrated stable growth and recovery,' Safarov said. .
The deputy minister noted that the trade turnover between
Azerbaijan and Russia increased by over 12 percent in 2021 compared
to 2020.
'The export growth in the reporting period exceeded 30 percent,
while imports totaled nearly six percent. These figures indicate
the potential we have for further strengthening of mutual
trade-economic relations,' Safarov stated.
He also outlined that Azerbaijan cooperates with more than 80
regions of Russia.
'We have signed various agreements on trade and economic issues
with about 20 Russian regions,' the deputy minister said.
As for Safarov, Azerbaijan is considering opportunities to
develop communication and cooperation with Russia's Udmurtia region
in the overall context of reinforcing trade-economic ties.
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