Azernews.Az

By Sara Israfilbayova

Baku held the Azerbaijan-Belarus business meeting, organized by AZPROMO, on December 7.

Rufat Mammadov, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said at the event that over 60 companies with Azerbaijani capital are operating in Belarus, while there are 31 companies with Belarusian capital in Azerbaijan.

Mammadov noted that investment cooperation and trade relations between the two countries are also developing on an increasing scale.

“A number of Belarusian goods have been on the shelves of Azerbaijani markets for a long time, besides, several Belarusian shops operate in Baku. Azerbaijani products are also supplied to Belarusian stores, facilitated by the opening of an Azerbaijan Trade House in Belarus. I think that the activities of the Trade House will allow us to achieve our goal,” Mammadov said.

Taking his turn, Mieczyslaw Goy, chairman of Grodno City Executive Committee stressed that the Grodno region intends to greatly increase trade turnover with Azerbaijan.

"Over the first 10 months of 2017, the trade turnover between the Grodno region and Azerbaijan is $5 million,” he said, adding that this figure does not reflect the full potential of our trade relations.

Diplomatic relations between Azerbaijan and Belarus established in 1993 but two countries started to get close during past decade.

Belarus mainly exports to Azerbaijan the production of machinery, woodworking, tires, foodstuff, medicine, household appliances, dishes and other goods, meanwhile Azerbaijan exports to Belarus the products made of aluminum, products of petrochemistry, engineering and agriculture.

Azerbaijan’s first ever Trade House was opened in the Belarusian capital Minsk, on May 26, 2017.

The trade turnover between the states amounted to $113.15 million in January-November 2017, over $100 million of which accounted for the import of Belarusian products, according to the State Customs Committee of Azerbaijan.

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