Opening of REC office in Baku to help develop Azerbaijani-Russian trade (PHOTO)

Baku, Azerbaijan, Dec. 25

By Anvar Mammadov – Trend:

Opening of an office of Russian Export Center (REC) JSC in Baku will foster development of trade turnover between Russia and Azerbaijan, the country’s Economy Minister Shahin Mustafayev said at an opening ceremony of the REC office in Baku.

The minister stressed that the relations between Azerbaijan and Russia dynamically develop in all spheres - political, economic and humanitarian ones.

“As for the economic sphere, I should note that the trade turnover and the volume of mutual investment between our countries are steadily growing,” he said. “We constantly apply new tools, and the opening of the REC office in Azerbaijan is one of such tools. Besides, it is necessary to note the opening of the trade representation of Azerbaijan in Russia and the fact that this is the first Azerbaijani trade representation in a foreign country. This once again shows the level of partnership between our countries.”

In turn, Russian Minister for Economic Development Maksim Oreshkin noted that trade between Azerbaijan and Russia is growing successfully, and therefore, all the tools that will foster this growth are very important.

“The REC office in Azerbaijan will also help us create joint production chains and value chains, and both Azerbaijan and Russia will benefit from this,” said Oreshkin.

Azerbaijan’s trade with Russia for eleven months of 2017 amounted to $1.89 billion, $528.97 million of which accounted for the export of Azerbaijani products to Russia, according to the State Customs Committee of Azerbaijan.