Baku, Azerbaijan, April 16. The volume of
mutual trade between Azerbaijan and China totaled $1.02 billion in
the first three months of this year, which is 37 percent more than
in the same period last year, Trend reports.
According to information, this was announced on April 16 at the
10th meeting of the Azerbaijan-China Intergovernmental Commission
on Trade and Economic Cooperation in Baku.
The meeting emphasized that cooperation in trade and economic
sphere is constantly developing, and China is one of the main
economic and trade partners of Azerbaijan.
However, it was noted that Azerbaijan is also China’s largest
trade partner in the South Caucasus. The growth trend of trade
turnover between the two countries last year amounted to 21 percent
($3.7 billion). In the first three months of this year, the
positive dynamics were maintained, and the volume of mutual trade
increased by more than 37 percent (-$1.02 billion).
Azerbaijan, in particular, reiterated its interest in expanding
exports of agricultural and food products to China.
The positive dynamics observed in investment cooperation in the
sectors of industry, oil and gas, petrochemicals, green energy,
high technology, innovation, and space industry were also noted.
The volume of investments from China to Azerbaijan reached $942
million. At the same time, the total volume of Azerbaijan’s
investments in China, including the State Oil Fund, increased to
about $2.1 billion.
The meeting was chaired by Shahin Mustafayev, Deputy Prime
Minister of the Republic of Azerbaijan, Co-Chairman of the
Commission, and Ling Ji, Deputy Minister of Commerce of the
People’s Republic of China, International Trade Representative of
China.