(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 30 . Azerbaijan is an
important trade hub in the region, German Ambassador Ralf Horlemann
said on November 30 at the presentation of the exclusive edition of
'Market Analysis Azerbaijan 2022-2023' in Baku, trend reports.
According to Horlemann, Azerbaijan's growing importance as a
trading hub is due to the change in trade routes, which previously
passed almost exclusively through Russia and currently are shifting
southwards.
He noted that trade routes through the South Caucasus are
important not only for Azerbaijan, but also for Germany and Europe
as a whole.
Europe is an important market for Azerbaijan, therefore Germany
and Europe in general consider it important to create the best
conditions for increasing trade and German investments in
Azerbaijan, the diplomat explained.
'I reviewed the market analysis and saw that 95 percent of the
German companies which took part in this analysis confirmed their
commitment to working with Azerbaijan,' Horlemann said.
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