Trade Representative: Russia is interested in any form of economic cooperation with Azerbaijan

Trade Representative: Russia is interested in any form of economic cooperation with Azerbaijan

Azerbaijan, Baku, March 28 /Trend A.Hasanov/

The current level of mutual investment does not meet the existing potential financial and economic opportunities of Azerbaijan and Russia, Russian trade representative in Azerbaijan Yuri Shchedrin said.

"However, work in this direction is underway, and it can be considered as a "messenger" of projects for large cooperation," Shchedrin said in an interview published on Wednesday.
Shchedrin noted that today Azerbaijan change from the country, attracting investment, into the country, which invest itself in other countries.

"Large investments made in Georgia, Turkey and Europe has an impact on the international image of Azerbaijan as a partner," the trade representative said.

The agreement on laying a new railway, passing in transit through the territory of Russia, Azerbaijan and Iran, and connecting the Indian Ocean and Europe is still actual at the present time.

The Azerbaijani businessmen are also actively involved in major projects carried out in preparation for the Winter Olympic Games, which will be held in two years in Sochi, Shchedrin said.

"Azerbaijani investors interested in growing and processing of grain, fruits and vegetables, in getting into the field of tourism, wood processing," the trade representative said.
For example, tea-packing factory was built and commissioned, the construction of fruit and vegetable cannery is nearing completion through the means of "Azərsun Holding" at Belorechensk district of Krasnodar region. Mətanət-A company will begin to build a plant for the production of dry contaminants in Otradnoe district of Krasnodar region in the near future.

"At present, the specific work and evaluation of high-tech and knowledge-intensive areas are carried out," Shchedrin said.

The meeting between Advanced Communication Technologies Company and Baku Telephone Network production association is held in April. Work on registering the subsidiary with 100 percent Russian capital is being implemented at the moment. Russian organization Third Rome and concern Avesta are interested in the cooperation with Azerbaijan.

"We are interested in any form of cooperation and consider direct contacts rational and acceptable," Shchedrin said.

A new dealership of Khazar-Lada opened in Baku in 2011. Business meetings with Azerbaijani partners of the Graz companies, Siberian organics, Moscow Partners, Chermetinvest and Donskoy Tabak were also held during the year.

At present, 71 subject of the Russian Federation has foreign economic relations with hundreds of business entities of Azerbaijan.

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