...

Russia’s Chuvash entrepreneurs developing strategy to enter Azerbaijani market

Business Materials 17 September 2020 16:16 (UTC +04:00)
Russia’s Chuvash entrepreneurs developing strategy to enter Azerbaijani market

BAKU, Azerbaijan, Sept. 17

By Fidan Babayeva – Trend:

The Azerbaijan-Russia relations are multifaceted and dynamically developing at the bilateral level, Ruslan Mirsayapov, trade representative of the Russian Federation in Azerbaijan, told Trend.

Mirsayapov was summing up the results of the webinar with the Export Support Center of Russia’s Chuvash Republic within the project of the Russian Ministry of Industry and Trade - "An Hour with Trade Representative".

“This partnership is characterized by a long-term high level of bilateral cooperation and a huge level of mutual trade,” the trade representative added.

The trade representative stressed that Chuvash entrepreneurs are interested in cooperation with Azerbaijan and are ready to expand the joint activity.

In a dialogue with the representatives of the enterprises participating in the webinar, Oleg Bikmansurov, export trade advisor of the Russian Export Center in Azerbaijan, discussed the optimal strategies for entering the Azerbaijani market.

Bikmansurov stressed that export from the Chuvash Republic to Azerbaijan amounted to $4.01 million in 2019.

"Wood and wood products (41 percent) and food products, drinks and tobacco (25 percent) were mainly exported,” the export trade advisor said. “Export of 371 tons of food products, drinks and tobacco from the Chuvash Republic amounted to $1 million in 2019."

Bikmansurov stressed that cocoa and products containing cocoa (51 percent), cereals and flour (40 percent) and sugar (nine percent) were mainly exported.

Following the webinar, an agreement was reached on further support of the Chuvash Republic’s exporters by the Russian Trade Mission in Azerbaijan.

Presently, Azerbaijan ranks 12th among foreign buyers of the products of the Chuvash Republic.

----

Follow the author on Twitter: Fidan_Babaeva

Tags:
Latest

Latest