Azernews.Az

By Amina Nazarli

Azerbaijan plans to open trading houses in the United Arab Emirates and China, said Sahil Babayev.

The Deputy Minister of Economy announced about this while addressing the 4th International Caspian Energy Forum Baku 2017 on April 12.

He stressed that Azerbaijan has already opened such a trade house in Belarus, and the work is underway to open trading houses in Russia and Ukraine.

President Ilham Aliyev signed a relevant decree on January 26, and endorsed the economy minister to appoint trade representatives to the country’s diplomatic missions abroad and open trade houses in foreign countries to facilitate the export process, promote an export of competitive Azerbaijani production and enable the countries to expand trade operations.

Trade representatives will take measures to expand Azerbaijan`s economic and trade relations with foreign countries, protect economic interests of Azerbaijan, increase export of Azerbaijani goods and services, promote Azerbaijan’s business environment and investment opportunities.

Babayev said that in the first quarter of 2017, Azerbaijan's exports increased by 50 percent, while non-oil exports saw a 32.5 growth, and agricultural exports rose by 44 percent, and exports of industrial products increased by 25 percent.

The Trade House of Azerbaijan passed a state registration in Belarus on February 21.

The Minsk City Executive Committee registered the Trade House, which will support the promotion of Azerbaijani goods under the ‘Made in Azerbaijan’ brand in Belarus, and engage in marketing research, participation in exhibitions and other activities related to the promotion of Azerbaijani goods.

The entity in Belarus became the first Trade House established as part of the state policy to encourage export of Azerbaijani production.

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Amina Nazarli is AzerNews’ staff journalist, follow her on Twitter: @amina_nazarli

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