Azerbaijan, Dagestan develop trade, economic ties
By Amina Nazarli
Dagestan actively develops trade and economic ties with Azerbaijan, RIA Dagestan quoted Industry and Trade Minister of Dagestan Yusup Umanov.
"Trade and economic relations with Iran, as well as Azerbaijan
are developing most actively,” Umanov said, adding that six
cooperation agreements were signed between Azerbaijan and Dagestan,
a federal subject of the Russian Federation.
He further said that an investment project for the construction of
a trade and logistics complex was launched as part of the
cooperation agreement.
Azerbaijani company QLASS HAUS and KZLS JSC signed a $5 million
agreement to supply sheet glass to Azerbaijan, according to
Umanov.
Energy-rich Azerbaijan and Russia’s Dagestan, the largest republic
of the north Caucasus, have a number of joint projects on
agenda.
Azerbaijan intends to strengthen business cooperation with Russian regions, by means of increasing the number of mutual agreements and business entities. Bilateral agreements on trade-economic, scientific-technical, and cultural cooperation were signed with a number of Russian regions at the intergovernmental level till now.
The trade turnover between Dagestan and Azerbaijan amounted to $161.1 million in 2015, including imports from Azerbaijan worth $140.3 million, according to the North Caucasus Customs Directorate of Russia. In 2014, the trade turnover between the republics amounted to $278.8 million.
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Amina Nazarli is AzerNews’ staff journalist, follow her on Twitter: @amina_nazarli
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