Shahin Mustafayev: Russia is one of Azerbaijan's key trade partners
Russia is one of Azerbaijan's key trade partners, so it is no accident that Azerbaijan opened the first trade representation in Russia, Azerbaijani Economy Minister Shahin Mustafayev said at the opening ceremony of Azerbaijan’s business center in Astrakhan.
“There is positive trend in the bilateral trade: in 2017, trade turnover between our countries grew 22% and reached $2 billion. For the four months of this year, the trade turnover has grown 30%,” TASS cited the minister as saying.
He added that Azerbaijan’s total investments in Russia exceed $1 billion, while Russia's investments in Azerbaijan’s economy reached $4 billion.
The governor of Russia’s Astrakhan region Alexander Zhilkin drew attention to the fact that the Astrakhan business center is being built in Baku.According to him, joint work of the two facilities will significantly expand trade and economic ties between Russia and Azerbaijan, because businessmen from different regions of the Russian Federation will be able to use business platforms.