Baku offers EU to reconsider financial aid for customs project
By Sara Israfilbayova
Creation of a trade facilitation center at the Azerbaijan-Georgia border is an important issue, Deputy Chairman of the State Customs Committee of Azerbaijan Shahin Baghirov said during the EU-Azerbaijan Business Forum on June 8.
"Currently, we are creating a trade facilitation center on the border with Georgia. This center is very important in terms of increasing transit flow from neighboring countries. I think it would be reasonable for the EU to revise the amount of financial assistance for this project," Baghirov noted.
The project, which worth €3 million, is financed by the EU.
Diplomatic ties between Azerbaijan and Georgia were established on November 18, 1992.
The two countries broadly cooperate in regional energy development, transportation and economic partnership projects such as Baku-Tbilisi-Ceyhan pipeline, Kars-Tbilisi-Baku railway, the TRACECA, the BSEC.
Georgian exports to Azerbaijan include cement, locomotives and other railway vehicles, mineral and chemical fertilizers, mineral waters, strong drinks, glass and glass wares, and pharmaceuticals, among other things.
Azerbaijani mainly exports to Georgia oil and petroleum products, natural gas, plastic wares, furniture and building constructions.
The trade turnover between Azerbaijan and Georgia amounted to $153 million in 2016.
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