ROME, Italy, September 5. Italy aims to boost its share of exports in trade with Azerbaijan, Manuela Traldi, President of the Italian-Azerbaijani Chamber of Commerce, told journalists, Trend reports.
"Over the years, trade between Azerbaijan and Italy has seen significant changes. In 2013, trade turnover was $8 billion, and by 2017, it had reached $17 billion, largely due to gas supplies from Azerbaijan to Italy through the Trans Adriatic Pipeline (TAP)," Traldi said.
She highlighted the current imbalance in trade, with Azerbaijan exporting more to Italy than the other way around. "We need to increase the share of Italian exports in our trade with Azerbaijan. Right now, this figure is only a few hundred million euros. Despite being a small country, Azerbaijan offers many opportunities for growth and collaboration," Traldi noted.
Traldi also emphasized that the Italian government is working hard to expand the presence of its companies in the Azerbaijani market.
"It's important for us not only to see an increase in trade but also in the number of contracts signed with Italian companies for various projects. Our relationship with Azerbaijan is exceptional, and more and more opportunities are opening up for Italian businesses here," she added.