Azerbaijan, China to boost infrastructure projects co-op
Baku, Azerbaijan, Nov.27
By Maksim Tsurkov - Trend:
Azerbaijan and China have agreed to strengthen the interstate cooperation in infrastructure projects, finance, communications, Xinhua news agency reported.
The agreement was reached during the meeting between Azerbaijan's Prime Minister Abid Sharifov and China's Vice-Premier Wang Yang in Beijing, according to the report.
The sides also expressed willingness to take the advantage of the opportunities provided by the 'One Belt, One Road' project of the Chinese government. The project is aimed at supporting and promoting the implementation of promising and cost-effective international commercial and infrastructure projects in Asia, Europe and adjacent regions.
Moreover, Beijing hosted the 5th meeting of Azerbaijan-China intergovernmental commission on trade and economic cooperation.
The meeting was co-chaired by Abid Sharifov and China's Vice-Minister of Commerce Zhong Shan.
During the meeting, the sides focused on the current economic relations and prospects for the further cooperation between the two countries in trade and economic sphere, including in the spheres of transport, energy and agriculture.
Azerbaijan and China signed a protocol following the meeting.
The trade turnover between the two countries stood at $462.24 million in Jan.-Oct. 2015 and $416.78 million of this volume accounted for the import to Azerbaijan, according to the State Customs Committee of Azerbaijan.
Edited by SI
Follow the author on Twitter: @MaksimTsurkov