Azerbaijan among Georgia’s main foreign trade partners
By Sara Israfilbayova
Azerbaijan, which is one of the main trade partners of Georgia, ranked 4th among the country’s foreign trade partners after Turkey, Russia and China.
The trade turnover between Azerbaijan and Georgia amounted to $742.48 million in January-September 2018, Report.az reported.
Georgia’s exports to Azerbaijan amounted to $342.98 million, which is 104.4 percent more in annual comparison. With this indicator, Azerbaijan has become the main export market for the neighboring country.
Azerbaijan’s exports to Georgia in annual comparison grew by 10.8 percent to $399.5 million.
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 (BTC), Kars-Tbilisi-Baku railway (BTK), 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.
Azerbaijani President Ilham Aliyev during his meeting with Georgian Prime Minister Giorgi Kvirikashvili, which took place in March in Baku, noted that Azerbaijan is on the first place in terms of the volume of investments in Georgia, which indicates a high level of interstate relations between the two countries.
“We successfully cooperate in different fields. Azerbaijan is the first among the countries that invest in Georgia. Since 2012, we maintain this position. This shows the best investment climate in your country. In addition, this indicates that our relations are at a high level,” the head of state said.
---
Sara Israfilbayova is AzerNews’ staff journalist, follow her on Twitter: @Sara_999Is
Follow us on Twitter @AzerNewsAz