Russia-Azerbaijan council to initiate some joint business projects (UPDATE)
Headline changed, details added (first version posted on 13:50)
Baku, Azerbaijan, Aug. 8
By Anvar Mammadov – Trend:
The Russian-Azerbaijani Business Council (RABC) plans to initiate up to five joint projects in 2016, said RABC Chairman Petr Fradkov Aug. 8 in Baku.
Despite the fact that the council was created in May, there is already a preliminary plan of action for the remaining part of 2016, noted Fradkov.
“Currently, the business council includes about 30 companies representing various sectors of economy,” noted Fradkov. “Of course, both energy and agriculture can be in Russia and Azerbaijan called the most attractive sectors.”
He said that to date 10 projects, worth over $380 million, have been supported by the Russian Export Center.
“These projects cover the railway and land transportation, radio engineering and electronics, pharmaceutics, metallurgy, food processing and other sectors,” he said.
Moreover, 15 more projects for delivery of cars, railway and land transportation means, products of chemical industry, agricultural sector, metallurgy and other sectors, are under elaboration, added Fradkov.
He also noted that it is planned to create the business council’s website until late 2016.
“Moreover, we plan to take part in the 16th session of the Azerbaijan-Russia intergovernmental commission on economic cooperation,” he added.