(MENAFN- AzerNews) By Ayya Lmahamad
A delegation from Russia's Nizhny Novgorod is planning a
business mission to Azerbaijan on November 3-5, Azernews
reports.
The remarks were made during a videoconference meeting between
Russia's Trade Representative office in Azerbaijan and business
representatives of Nizhny Novgorod, organized as part of a project,
called“An hour with the trade representative”.
During the videoconference, the parties discussed issues of
information support, the practical organization of a full-time
business mission, and the participation of delegation in
exhibitions taking place in Azerbaijan.
Viktor Ivankin, consultant of the Russian Trade Representative
Office in Azerbaijan, spoke about the Azerbaijani-Russian trade
turnover, promising areas for expanding the range of Russian
export, and the possibilities of the trade mission's potential to
support Russian enterprises.
Nizhny Novgorod's Center for Developing Export Capacity Deputy
Director Sergey Gnenik, as well as representatives of 17 regional
companies operating in the field of medical equipment, medical
disposable clothing, animal feed, food products, furniture, special
tools, lifting equipment, etc, participated in the
videoconference.
Azerbaijan and Russia cooperate in different sectors, such as
the economy, agriculture, customs, communications, high technology,
and others. Over 230 intergovernmental and intercompany documents
have been signed between the two countries and six road maps are
being implemented.
Azerbaijan's investments in the Russian economy have exceeded
$1.2 billion, with the majority of the investments being in the
non-oil sector. In addition, Russian investments in Azerbaijan's
economy totaled $6.3 billion with $5 billion in the oil sector and
$1.3 billion in non-oil sectors.
The trade turnover between Azerbaijan and Russia amounted to
$2.9 billion in 2021, making Russia Azerbaijan's third-largest
partner.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
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