Azerbaijan, Belarus to expand range of co-production

Azerbaijan, Belarus to expand range of co-production

Baku, Azerbaijan, Nov. 22

By Ellada Khankishiyeva -Trend:

Azerbaijan and Belarus have many opportunities to further increase economic cooperation and maintain the positive attitudes that have been accumulated over the years, president of Azerbaijan, Ilham Aliyev said at a meeting with President of Belarus, Alexander Lukashenko, that in recent years, relations between Azerbaijan and Belarus have come a very long way and reached a very high level.

Belarus and Azerbaijan are traditional trading partners. From 2006 to 2012, the trade turnover between the countries increased six-fold. Belarus' major exports to Azerbaijan consist of mechanical engineering products, petrochemistry, woodworking industry and construction industries, food products, medicines and household appliances. In turn, Belarus imports oil, agricultural products, and fabrics made of synthetic filament yarn, as well as chemical industry products from Azerbaijan. According to Alexander Lukashenko, "the trade between the two countries in terms of volume could be the best, the greatest".

Cooperative ties between the two countries, including joint production of Azerbaijani-Belarusian products are developing stably and steadily. Starting with the usual assembly of technology, today many of them, including joint production of tractors, trucks, buses, and so on, have achieved the degree of localization of 40-60 per cent. At present, Azerbaijan assembles Belarusian tractors, trucks, cranes, equipment for communal services, optical equipment and elevators.

Azerbaijan's Ganja Automobile Plant is the leader of the Belarusian-Azerbaijani cooperation in the field of industrial cooperation. The joint project is being carried on its base, will allow this enterprise to become the region's largest producer of complex technological engineering products.

Taking into account all these factors, the sides came to the conclusion that Azerbaijani- Belarusian products that meet all quality standards must be delivered to foreign markets. Competitiveness of these products can guarantee the demand for them in third country markets.

The expansion of joint production in the areas that were greatly developed in Belarus, in particular the medicament production, was widely discussed. Belarus is ready to offer its technologies and share the process details, from packaging to production of the remedy and medicaments in the shortest possible time, which can also be delivered on the global trading platform in the future.

The lack of raw materials in Belarus also contributes to the convergence of economic interests of the two countries in the energy sector. As it is known, Azerbaijani oil supplies to Belarus started in 2011.

Azerbaijani entrepreneurs are also interested in entering the Belarusian market through the establishment of joint ventures for the production of food and trade-logistics centers and opening of representative offices of Azerbaijani banks, restaurant business, activity in the tourism area, hotel construction and so on.

President Lukashenko has called for greater investments in Belarusian projects that may catch the interest of Azerbaijani businessmen and the country. "We are ready and waiting for your proposals, if you are interested and ready to grow your petrochemistry, agriculture and pharmaceutical industries," President Lukashenko said. In particular, the possibility of Azerbaijani participation in the privatization process in Belarus was stressed.

As one can see, the economic relations between the two countries are being fully developed. According to the expectations, doubling of the trade turnover, the number of joint projects, as well as the expansion of the cooperation areas may become results of the Belarusian president's visit to Azerbaijan.

--

Ellada Khankishiyeva, head of Trend analytical centre

Subscribe to Trend in Google News! Subscribe
Azerbaijan considering sending medical workers of Baku clinics to district hospitals
Azerbaijan considering sending medical workers of Baku clinics to district hospitals
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,795 more COVID-19 cases, 1,967 recoveries
Azerbaijan confirms 1,795 more COVID-19 cases, 1,967 recoveries
Loading Bars
Latest
IAEA says Iran begun using advanced centrifuge at Fordow
Nureddin Nebati replaces Elvan as Turkey's new finance minister
Iran, Russia to speed up construction of International North-South Corridor
Uzbekistan tightens quarantine measures for people coming from Germany, UK and 9 other countries
Georgian PM invited to Eastern Partnership Summit
Ireland reports first case of Omicron variant
Amazon invests in 274 renewable energy projects globally
World Bank backs using $280 mln in frozen aid funds for Afghanistan
Cavushoglu, Blinken discuss situation in Azerbaijan and Armenia
Alec Baldwin on fatal movie set shooting; ‘I didn't pull the trigger’
Afghanistan's GDP likely to drop 20 pct in one year: UN
UAE reports its first case of COVID-19 variant Omicron
Moderna exec says company could have Omicron booster ready in March
UN says international migration rose last year despite Covid-19 impact
Kyrgyz border service reports shots from Tajikistan
Bennett declares ‘Yamam’ Israel’s national counterterrorism force
Transport infrastructure in Karabakh to turn Azerbaijan into logistics hub between Central Asia and Europe – CAERC
Four injured after old WWII aircraft bomb explodes in Munich - police
1st US case of COVID-19 omicron variant identified - Fauci
OPEC can elect new secretary general in January 2022 — source
President Erdogan talks bilateral relations with Crown Prince of UAE
Georgia to receive special PCR tests to detect new Omicron variant of coronavirus
Qatar Airways to launch flights to Uzbekistan from Jan 17, 2022
Iran military clashes with armed men on Afghan border
Armenia found itself in complete military-political isolation even within CSTO - Russian military expert
Net foreign assets in Azerbaijan grow for 10M2021
New geopolitical situation in region opens way for Azerbaijan’s further development - ambassador
Ambassador of Kazakhstan expresses condolences to Azerbaijan due to helicopter crash
Azerbaijan working on reconstruction railway line which is part of Zangazur corridor (PHOTO)
SOCAR’s STAR refinery tests numerous types of crude oil
Azerbaijan considering sending medical workers of Baku clinics to district hospitals
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,795 more COVID-19 cases, 1,967 recoveries
Azerbaijani National Depository Center opens tender to buy new generation security system
Georgia boosts honey exports
Solar PV growth to surpass wind in EU in 2021-2026
Servicemen injured in Azerbaijani helicopter crash talk about incident (PHOTO/VIDEO)
Turkmen company exports paper products to Uzbekistan, Turkey
Iranian companies express readiness to restore factories in Syria - minister
Azerbaijani, Armenian FMs to meet in Sweden
President Ilham Aliyev receives EU Special Representative for South Caucasus (PHOTO/VIDEO)
US Marshall Legacy Institute sends eight more mine detection dogs to Azerbaijan (PHOTO)
Iran’s Bahar Azadi gold coin price rebounds
Azerbaijani agency shares data for mine detection, clearing work in liberated territories
Central Bank of Azerbaijan opens tender to insure fixed assets
Azerbaijan’s 10M2021 oil exports to Spain revealed
Uzbek Statistics Committee shares data on volume of retail trade turnover
Georgian medics advise reconsidering COVID-19 passports issuance
Overview of Uzbekistan's volume of wholesale trade turnover dynamics between 2010-2020
Price indexes of construction, trade sectors at Uzbek stock exchange fall
Georgia, IMF discuss new co-op program
Prices for goods and services in consumer market of Uzbekistan rise
Turkey’s diesel fuel exports to Georgia down
Georgia, NATO discuss further co-op and Black Sea security
Iran bans import of musical instruments due to lack of foreign exchange resources
Turkmen ministry prolongs tender for supply of metal blanks
IRENEX shares data on sales of Tabriz Oil Refining Company
Activities in Iran’s Imam Khomeini port down
Star Refinery satisfies about quarter of Turkey's refined petroleum product needs - CEO
Kazakhstan’s oil and gas company opens tender to supply fittings
Mobile phones rank first in Iran’s total imports - IRICA
Turkmenistan’s education ministry extends tender for setting drip irrigation system
Oil minister tells president, parliament that Iran's oil exports 'significantly grow'
Azerbaijan, Pakistan talk prospects for development of military co-op (PHOTO)
Azerbaijan's SOCAR Polymer exports increase over 10M2021
Iran unveils volume of dates export
Iran’s CBI reveals data on balance of bank loans
EU to exceed current renewable capacity plans for 2030
Azerbaijan reveals oil exports to Italy in 10M2021
Azerbaijan shares data on oil export to Croatia in 10M2021
Baku Metro provides ‘November 8’ station with backup power supply (Exclusive) (PHOTO)
Renewable electricity generation to exceed average annual growth rate of 2015-2020
Expansion of bioenergy for power capacity to slow down
Renewable energy capacity to expand by 2026, says IEA
Azerbaijan talks ongoing work to provide electricity to liberated Lachin district
Special representative of Azerbaijan's President in liberated territories within Karabakh economic region appointed
German Ambassador expresses condolences to Azerbaijan over deadly helicopter crash
Iran, Syria sign four cooperation agreements
Iran to invest in Syrian industrial towns
Austria extends COVID-19 lockdown by 10 days
Branch of Azerbaijan’s Balakhani Operating Company opens tender to buy pipes, pumps
Baku electric company opens tender to buy materials for lamp posts repair
Organization of social zone of Aghdam Industrial Park completes in Azerbaijan – minister
Deputy Prime Ministers of Azerbaijan, Armenia and Russia to meet in Moscow today
Azerbaijan’s Azerishig opens tender for reconstruction of substation in Sumgayit
Kazakhstan increases trade with India over 9M2021
Nar continues to grow IT professionals (PHOTO)
India provides medical, humanitarian aid to over 150 countries to deal with COVID-19: MEA
Georgia receives COVID-19 support grant from German Development Bank
Turkey-Azerbaijan trade turnover grows in October 2021
Kazakhstan reports increase in maritime transport volumes
SOCAR Petroleum to open new petrol station in Azerbaijan’s Gubadli district
SOCAR Georgia Gas increases gas tariffs
Iran reveals COVID-19 data for December 1
Azerbaijan discloses data on oil exports to Israel
Georgian cities receive EU grant for cultural development
Saudi Arabia reports first Omicron case coming from north Africa
Georgian FM expresses condolences for lives lost in crash of military helicopter
PMO records increase in cargo movements in Iranian ports
Turkey’s BOTAS increases gas imports
All news