...

Italy eyes to increase trade with Azerbaijan (exclusive)

Business Materials 3 February 2017 20:34 (UTC +04:00)

Baku, Azerbaijan, Feb. 3

By Anvar Mammadov – Trend:

Italy aims to engage in new sectors of trade with Azerbaijan, Luigi D’Aprea, director general of the Italian Chamber of Commerce in Azerbaijan, said in an exclusive interview with Trend Feb. 3.

Opportunities for the development of trade between Italy and Azerbaijan are very extensive, and this is manifested not only in the oil and gas sector, where, by the way, Italy holds a very strong position, D’Aprea said.

Considering other sectors, one may note that Italy is represented very well in the metallurgical sector of Azerbaijan, he added.

The latest contract signed between Italy’s Danieli and Baku Steel Company, which embodies further growth and development of Italy’s activity in this sector, is a proof of this, he noted.

Regarding the trade turnover between Azerbaijan and Italy, D’Aprea said that despite the slight decrease in the bilateral trade, Italy remains one of the main trade partners of Azerbaijan.

Italy and Azerbaijan have excellent bilateral and economic relations, D’Aprea noted.

Over the past eight years, Italy has remained Azerbaijan’s major trading partner, the fourth exporting country and the first customer in the energy sector, he added.

The growth of Italian export to Azerbaijan reached its peak during 2011-2015, increasing by nearly twice and only currently exports from all countries, including Italy, slightly decreased, he said.

D’Aprea went on to add that the Italian products are valued a lot in Azerbaijan, and this concerns not only the luxury segment.

The quality and credibility are the two factors that make up the advantage of the “Made in Italy” brand, he said.

Italy is synonymous with quality not only regarding usual Italian export sectors (fashion, furniture, food products), but also in such sectors as mechanics, engineering and technology, he noted.

In addition to the annual participation in such exhibitions as Baku Build, Caspian Oil & Gas, and others, Italy tries to promote other sectors of its economy as well, including the food sector, D’Aprea said.

Tags:
Latest

Latest