Azernews.Az

By Sara Israfilbayova

Russia would like to combine ASAN systems with its similar institutions in order to facilitate mutual contacts between manufacturers and buyers of Azerbaijani products.

Russian political scientist, research worker of the Institute of Economy of the Russian Academy of Science Alexander Karavayev told Sputnik.az that Russia in symbiosis with the South Caucasus, consuming agrarian products and the activity of labor migrants, at the same time is more a donor for the development and modernization of the region.

The expert believes that the situation in the Russian economy depends on the situation in the region.

According to Karavayev, the activation of the housekeeper in a number of areas is expected: road construction in Dagestan, in the Astrakhan region along the Caspian Sea. In the “North-South” transport corridor segment in the nearest decade, Azerbaijan and Iran will move towards organization of high-speed container transportation.

“By the year 2024, we can expect a jump in digital economy. Moscow will offer Baku to combine ASAN systems with similar Russian ones for the purpose of facilitating mutual contacts of producers and buyers of Azerbaijani products,” the expert said.

Azerbaijan is one of the main economic partners of Russia among the CIS countries. Interregional cooperation plays an important role in the development of Russian-Azerbaijani trade and economic relations and the increase in trade turnover.

Azerbaijan’s first trade representative was appointed to Russia.

Trade representative’s main mission is to take measures to expand Azerbaijan's economic and trade relations with Russia, protect economic interests of Azerbaijan, increase export of Azerbaijani goods and services, promote Azerbaijan’s business environment and investment opportunities.

Azerbaijan seeks to open Trade House in Russia’s Arkhangelsk region as well.

Azerbaijan’s trade turnover with Russia amounted to $2.14 billion in 2017, about $1.5 billion of which accounted for the import of Russian products to Azerbaijan, according to the State Customs Committee of Azerbaijan.

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Sara Israfilbayova is AzerNews’ staff journalist, follow her on Twitter: @Sara_999Is

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