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Date of opening of Azerbaijan wine house in Shanghai announced (Exclusive)

Business Materials 19 July 2018 16:43 (UTC +04:00)

Baku, Azerbaijan, July 19

By Huseyn Veliyev – Trend:

Azerbaijan's wine house in Shanghai will open in October-November this year, Deputy Minister of Economy of Azerbaijan Rufat Mammadov told Trend.

Mammadov noted that, the export mission of Azerbaijani entrepreneurs to China is also expected this year. In addition, the Azerbaijani business circles will discuss the possibilities of cooperation and export of its products to Russia, Mongolia, the UAE, Saudi Arabia, Bulgaria and Germany by the end of this year.

Mammadov also touched upon the issue of cooperation with Italy, whose delegation headed by the president of this country, is in Baku now. The deputy minister noted that, Italy is the main importer of hazelnut from Azerbaijan.

"We have a representative who is engaged in the promotion of Azerbaijani products in Italy, and this country is the main buyer of our hazelnut," he told Trend.

The total volume of exports of Azerbaijani hazelnut amounted to 20,842 tons last year. Italy holds the first place among importers of hazelnuts, to where about 9,000 tons of peeled hazelnuts were delivered. Russia holds the second place with more than 6,000 tons, and Germany is third with more than 3,000 tons of hazelnuts.

According to the data provided by the State Customs Committee of Azerbaijan, the trade turnover with Italy amounted to almost $2.1 billion in 1H2018, of which $1.9 billion fell on the export of Azerbaijani products to Italy. The trade turnover between the two countries increased by 54.4 percent during one year.

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