BAKU, Azerbaijan, Jan. 17
By Sadraddin Aghjayev - Trend:
The trade and economic cooperation between Russia and Azerbaijan is at a high level of development, but at the same time it has huge potential for further strengthening of bilateral ties, the Russian Ministry of Economy told Trend on Jan. 17.
“The two countries are aimed at holding a broad dialogue,” the ministry said. “The two countries focus on the comprehensive development of strategic partnership, the promotion of mutually beneficial projects and an increase in trade turnover.”
The ministry said that Russia is among the three main trading partners of Azerbaijan with a share of 8.8 percent of the country’s foreign trade turnover from January through October 2021 (Russia ranks third from January through October 2021, Italy ranks first, Turkey ranks second).
The ministry added that of course, 2020 turned out to be a difficult year due to the quarantine regime restrictions that affected the mutual trade turnover.
“However, it is possible to stress the positive dynamics as of 10 months of 2021 thanks to the joint efforts,” the ministry said. “The mutual trade reached about $2.6 billion (an increase of 12 percent), Russia’s export - $1.8 billion (an increase of 8.2 percent), import - $790 million (an increase of 22 percent).”
“The main commodity groups still include food and agricultural products, oil products, metals and vehicles,” the ministry said.
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