BAKU, Azerbaijan, Sept. 10
By Fidan Babayeva – Trend:
The economic turnover among Azerbaijan and the CIS countries has increased greatly in recent years, President of the Azerbaijani National Confederation of Entrepreneurs (Employers’) Organizations, Mammad Musayev said.
Musayev made the remarks at the online conference of the heads of the chambers of commerce and industry of the CIS countries, Trend reports referring to the National Confederation.
“The volume of trade turnover among the CIS countries and Azerbaijan amounted to $4.6 billion in 2019,” president of the Azerbaijani National Confederation added.
"Azerbaijan exported the $1.2 billion worth of products to these countries and imported the products worth $3.4 billion,” Musayev added. “The biggest trade turnover was observed with the Russian Federation - $3.02 billion."
Stressing that Russia is the biggest market of Azerbaijan’s agricultural products, Musayev noted that the introduction of the effective bilateral trade regime between Azerbaijan and Russia creates more efficient opportunities for trade operations.
“We think that it is necessary to prepare enterprises for the short-term and long-term consequences of the pandemic,” president of the Azerbaijani National Confederation said. “We propose to take measures together with the CIS countries to improve the economy, expand e-commerce among the CIS member-states and apply a special approach to the spheres most affected by the pandemic, including tourism, transport, services, small and medium-sized businesses, exchange of experience on different platforms during a pandemic and post-pandemic period."
The reports of the chambers of commerce were heard at the conference and the reports were discussed.
The National Confederation was established on March 5, 1999, in Baku and passed the official state registration.
It unites over 1,000 business entities, including 35 associations and socio-economic unions.
The export of Azerbaijani products to the CIS countries in the first seven months of this year amounted to $809 million, while a year earlier this figure was $749 million.
Thus, the CIS countries increased the import of products from Azerbaijan by eight percent while the share of the CIS countries in the total export volume of Azerbaijan increased from 6.11 percent to 8.87 percent on an annualized basis.
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