BAKU, Azerbaijan, Oct.22
Trend:
One of the leaders of online trading in Russia is seriously considering Azerbaijan as the next point of its global development, Trade Representative of Russia in Azerbaijan, Ruslan Mirsayapov told Trend.
According to Mirsayapov, in 2020 businessmen have also applied to the Trade Representation with a proposal to open a business in Azerbaijan.
“Starting a business, setting up production - as a rule, is the next step in the development of foreign markets. The flagships of the Russian industry have followed this path. Azerbaijan is already producing R-Pharm products, GAZ and Rostselmash assembly plants with local partners and the Russian Helicopters service center are in preparation,” Mirsayapov said.
Touching upon the topic of investments in joint projects, the trade representative said that investing between Azerbaijan and Russia occurs mainly due to the more active participation of Azerbaijani companies in investment projects in Russia.
“According to the official data of the Central Bank of Russia, attracting direct investments to Russia from Azerbaijan from 2012 through 2019 was $486 million. The volume of accumulated direct investments from Russia to Azerbaijan for the same period, amounted to $126 million,” Mirsayapov added.
Azerbaijan and Russia signed cooperation programs in the fields of agriculture and tourism for 2020-2022. The documents were signed following a meeting on Dec. 9, 2019, in Baku by the Azerbaijani-Russian intergovernmental commission on economic cooperation. In particular, the parties signed the Program of Cooperation in the field of the agro-industrial complex for 2020-2022. The documents were signed by Deputy Prime Minister of Azerbaijan Shahin Mustafayev and Minister of Economic Development of Russia Maxim Oreshkin.