Georgian-Azeri trade surge 29 pct
TBILISI – Georgia’s trade turnover with Azerbaijan made up $369.4 million in January-July 2010, a 28.9 percent increase in comparison with the same period of last year, the Georgian statistics body estimates.
Azerbaijan was the neighboring South Caucasus republic’s second largest trading partner in the first seven months of 2010, next only to Turkey, which traded with Georgia in the amount of $587.3m.
The commodities turnover with Azerbaijan accounted for 10.5 pct of Georgia’s overall foreign trade.
Azerbaijan invested $29.8m in the Georgian economy in 2009, ranking eighth among investors in the country, according to Georgia’s National Statistics Service. The top three investors were the United Arab Emirates, Turkey and Panama.
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