BAKU, Azerbaijan, May 5. The Azerbaijan-Belarus Business Forum was held in Baku, Trend reports.
The event brought together Yusif Abdullayev, Executive Director of the Azerbaijan Export and Investment Promotion Agency (AZPROMO), Mikhail Myatlikov, Chairman of the Belarusian Chamber of Commerce and Industry, as well as business representatives and officials from both countries.
Addressing the event participants, Yusif Abdullayev pointed out that trade turnover between Azerbaijan and Belarus exceeded $100 million in the first quarter of 2025.
“Exports of Azerbaijani products to Belarus increased by 82 percent, reaching $18 million,” he noted.
Abdullayev also emphasized the active promotion of Azerbaijani alcoholic beverages in the Belarusian capital:
“We are witnessing growing interest in Azerbaijani wines in Minsk. This is one of the indicators of strengthening economic ties,” he explained.
Abdullayev also highlighted the large-scale reconstruction work underway in the Karabakh and East Zangezur economic zones.
"Extensive reconstruction is taking place in the Karabakh and East Zangezur economic regions. Various partnership models are being explored with foreign companies, including those from Belarus. Projects are being implemented to establish smart villages and agricultural settlements," he said.
In turn, Mikhael Miatlikov said that Azerbaijan has emerged as one of the key export partners of Belarus.
Miatlikov noted that in 2024, bilateral trade turnover has increased significantly. Belarusian meat and dairy products, petroleum products, and timber have shown particularly strong growth.
"The 46 percent growth in trade turnover reflects that businesses in both countries are actively exploring new market niches.
Azerbaijan has confidently moved up in our export rankings over the past year, which demonstrates the steady development of our economic cooperation," he added.
B2B meetings were held ahead of the forum. Moreover, several bilateral agreements were signed as a result of the event.
The event resulted in the signing of the following documents:
- A memorandum of understanding between the Belarusian Universal Commodity Exchange (BUCE) and the Azerbaijan Small and Medium Business Development Agency (KOBIA);
- Three supply contracts between Mostovdrev and Sosna CJSCs;
- A supply agreement between Kamvol and Smart Style CJSCs;
- A supply agreement between Spartak and AZNUR CJSCs;
- A cooperation agreement between Minsk Dairy Plant No. 1 and AZNUR CJSC;
- A cooperation agreement between Minsk Dairy Plant No. 1 and Araz Supermarket;
- Letters of intent between Mark Formelle and N-Qrup.
