Russian Deputy PM to discuss bilateral economic cooperation in Azerbaijan

Russian Deputy PM to discuss bilateral economic cooperation in Azerbaijan

Azerbaijan, Baku, Oct. 3 / Trend S. Agayeva /

Russian Deputy Prime Minister, co-chairman of the Azerbaijani-Russian intergovernmental commission on trade-economic cooperation Alexander Khloponin will pay a working visit to Azerbaijan on October 4, diplomatic sources told Trend on Monday.

Khloponin is also Russian Presidential Envoy in the North Caucasus Federal District.

The agreements are planned to be signed by the entities of the North Caucasus Federal District during the visit, Russian Trade Representative in Azerbaijan Yuri Shchedrin earlier told Trend.

Shchedrin said that the bilateral economic cooperation will be discussed at a meeting of two co-chairmen of the intergovernmental commission, Alexander Khloponin and Azerbaijani First Deputy Prime Minister Yaqub Eyyubov.

A draft intergovernmental agreement on "Promotion and Mutual Protection of Investments" is likely to be discussed, as there are still differences about this.

According to the Azerbaijani State Customs Committee, the trade turnover between the two countries amounted to $1.73 billion in January-July, or 69.74 percent more compared to the same period last year.

According to the Russian Federal Customs Service, the bilateral trade between Russia and Azerbaijan amounted to $1.947.9 billion in 2010.

Trade turnover with Russia has one of the most diversified commodity nomenclatures in Azerbaijan's foreign trade.

Russia exported food products, machinery, equipment, vehicles, metals, wood, paper products and chemical products to Azerbaijan in 2010.

Russia imported food products, textiles, mineral products, chemical products, machinery and equipment and metals from Azerbaijan in 2010.

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