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Trade relations between Azerbaijan and Russian Ulyanovsk region expanding

Business Materials 28 February 2021 11:18 (UTC +04:00)
Trade relations between Azerbaijan and Russian Ulyanovsk region expanding

BAKU, Azerbaijan, Feb. 28

By Fidan Babayeva - Trend:

Despite the difficult economic situation, the export volume of products from Russia’s Ulyanovsk region to Azerbaijan increased by 47.3 percent, Deputy Chairman, Plenipotentiary of the Government of the Ulyanovsk Region under the Russian Government, Alexander Rumyantsev, said, Trend reports citing the Trade Representation of Russia in Azerbaijan.

On February 25, the Trade Representative of Russia in Azerbaijan Ruslan Mirsayapov, employees of the representative office of the Russian Export Center in Azerbaijan and the Trade Representation held a videoconference meeting with enterprises of the Ulyanovsk region. The event was held within the framework of the ‘An hour with Trade Representative’ project of the Ministry of Industry and Trade of Russia.

According to Alexander Rumyantsev, such commodity items as grain, automotive equipment and products made of ferrous metals showed the greatest positive dynamics.

Mirsayapov outlined the key trends in the development of bilateral cooperation and the main barriers to various types of products in trade with Azerbaijan.

"There is a stable demand for food products manufactured in Russia, mechanical engineering and woodworking products, as well as metal products. Russia is a key supplier of goods to Azerbaijan, and by the end of 2020 entered the TOP-3 countries - buyers of Azerbaijani products," said Mirsayapov.

The enterprises of the Ulyanovsk region - Cherkizovo, Faros Hygiene, the export cooperative YURSON, and the International Industrial Group F7, were able to receive recommendations from the Trade Representation and the REC representative office in Azerbaijan.

The companies have a great desire and ability to enter this market. The Trade Mission is ready to assist in interaction with enterprises of Azerbaijan: to hold consultations with individual exporters, to inform about the requests for various types of products received by the Trade Mission from enterprises of Azerbaijan.

In 2021, business delegations of the Ulyanovsk region are planned to participate in the InterFood Azerbaijan and BakuBuild international exhibitions.

The activities of the trade office are aimed at developing economic relations between Russia and Azerbaijan, promoting Russian export projects, attracting investments and advanced technologies to Russia.

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Follow the author on Twitter: @Fidan_Babaeva

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