China's investment projects in Azerbaijan reach $300M
Baku, Azerbaijan, Feb. 25
By Azad Hasanli - Trend:
China joined the top 10 of largest trading partners of Azerbaijan for the first time in 2015, APK-Inform quoted the advisor to the embassy of China in Azerbaijan, Yu Chunchi as saying.
He reminded that to date, the volume of Chinese investment projects in Azerbaijan, which started realizing since 2002, has already reached $300 million.
Yu Chunchi said China supports all efforts of Azerbaijan in development of the non-oil sector. Also, he noted that it is reasonable to develop agriculture in Azerbaijan, and viewed the prospects of cooperation between two countries in the sphere of livestock goods production and cotton growing.
He noted that the New Silk Road is the way of mutual cooperation and it creates additional opportunities for cooperation between the two countries.
As for the prospects of the Trans-Caspian transport corridor, China welcomes such transportation of goods across Azerbaijan, Chunchi added.