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Mexico to intensify trade ties with Azerbaijan

22 May 2018 12:32 (UTC+04:00)
Mexico to intensify trade ties with Azerbaijan

By Rashid Shirinov

Mexico intends to increase the number of trade missions to Azerbaijan, Mexican Ambassador to Azerbaijan Rodrigo Labardini said at a press conference on May 21.

He noted that these missions may include producers of alcoholic beverages – tequila and mezcal, as well as salsa sauce and canned products.

“The approximate time of arrival of the trade missions to Azerbaijan is July and October this year, as well as June 2019,” the ambassador said.

Earlier in April, a trade mission from Mexico arrived in Baku, during which businessmen held talks with local entrepreneurs, importers of alcoholic beverages.

Labardini added that the trade mission, which arrived in Azerbaijan in April, returned home with nine concluded contracts. The mission consisted of five tequila producers.

The first trade mission arrived from Mexico in Azerbaijan in 2017.

Azerbaijan opened an embassy in Mexico City in 2007 and Mexico followed suit by opening an embassy in Baku in 2014. Since then, the volume of bilateral trade between the countries increased threefold.

The trade turnover exceeded $5.8 million in January-April 2018, according to the State Customs Committee of Azerbaijan. Almost the entire amount of the turnover fell on the import of Mexican products to Azerbaijan. It is also noteworthy that the trade between the two countries increased by 41 percent during the year.

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Rashid Shirinov is AzerNews’ staff journalist, follow him on Twitter: @RashidShirinov

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