Ukraine eyes to greatly expand trade, economic co-op with Azerbaijan
By Trend
Ukraine intends to take steps to increase trade with Azerbaijan to $1 billion, a source in the Ukrainian government told Trend.
The source noted that following the five months of 2018, the trade turnover between the countries amounted to $357 million [information of the Ukrainian customs], which is 43.5 percent more than in January-May 2017. At the same time, Azerbaijan’s exports to Ukraine turned out to be $80 million more than imports.
"Ukraine is very interested in increasing trade with Azerbaijan and restoring its former volumes," the source noted. "In 2010, the trade between the two countries amounted to about $1 billion. At first we want to regain the lost indicators, and then bring the trade cooperation to a new level."
In this context, the source stressed the need for the development of the Trans-Caspian International Transport Route (TITR), the introduction of profitable tariffs on this route, as well as the restoration of the ferry service between Ukraine and Georgia.
"Azerbaijan is turning into a logistics hub," the source said. "This is facilitated by the North-South and the New Silk Road projects, which is interesting for our business. Azerbaijani side is also interested in expanding ties."