BAKU, Azerbaijan, June 2. Azerbaijan took 18th place among 123 partner countries of Russia’s Volgograd region in 2021, Head of the International Foreign Economic and Interregional Relations Department of the Volgograd Regional Administration Marina Ogoleva told Trend.
According to Ogoleva, cooperation with 65 Volgograd exporters was implemented last year.
"Cooperation between the Volgograd region and Azerbaijan is carried out in a number of areas, including in the areas of trade, industry, agriculture and energy. An agreement on trade, economic, scientific, technical, and cultural cooperation has been concluded between our administration and the government of Azerbaijan,” she said. “The current interaction is carried out within the framework of this agreement. As of 2021, nearly 65 exporters of our region interacted with Azerbaijani business representatives. Besides, five enterprises with 100-percent Azerbaijani capital are operating in our region.”
According to the official, in 2021, the trade turnover between the Russian region and Azerbaijan amounted to just over $39 million.
"The main part of the foreign trade turnover [between the region and Azerbaijan] at the moment falls on exports. Imports are also a showing a positive dynamics. From January through April 2022, the trade turnover between our region and Azerbaijan has grown dynamically and amounted to $9 million," she added.