Azerbaijan and Russia should continue efforts to create stable and diversified relations: deputy minister
Azerbaijan, Baku, October 2 / Trend , N.Ismayilova /
As before, Russia remains one of the major trade partners of Azerbaijan, and exports to Azerbaijan occupies a leading position with a specific weight of 17.5 percent, said the trade representative of Russia in Azerbaijan Yuri Shedrin at the meeting of Azerbaijan-Russia Chamber of Business Cooperation on Oct 2.
"Azerbaijan-Russia trade turnover continues to have a wide range of commodities, Shedrin said. - But the global financial crisis was the main reason for the reduction of indicators of Azerbaijan-Russia trade turnover, since it affected the economies of both countries."
According to statistical data of Russia, for January-August, the trade turnover between Russia and Azerbaijan fell by 21.7 percent to $967.5 million compared to the same period of last year, he said.
According to the statistics of Azerbaijan, the trade turnover between the countries amounted to 91 percent from last year's volume.
According to Deputy Minister of Economic Development of Azerbaijan Niyazi Safarov, the crisis affected the trade turnover between the two countries, but at the moment it is important to use the potential, which is large enough.
"Efforts should be made to create stable and diversified relations between Russia and Azerbaijan," said Safarov.
As noted at the meeting, the trade turnover between the countries began to grow, and there are plans to bring it up to $2 billion during the year.
The agenda of the meeting included issues such as discussing the current situation and prospects of trade and economic cooperation between the two countries, measures taken in Azerbaijan in the field of state regulation of foreign economic activity, investment policies, including state-private partnership, forming a favorable environment for entrepreneurship. The agenda also included meeting of business circles of Azerbaijan and Russia, which will be held in the first half of 2010 in Moscow.
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