Azerbaijan, China sign economic cooperation deal
BAKU – An agreement on economic and technological cooperation between Azerbaijan and China were signed as a result of the fourth meeting of the Azerbaijani-Chinese inter-governmental commission on trade and economic cooperation, held in Baku on Monday.
The meeting co-chaired by Azerbaijan deputy Prime Minister Abid Sharifov and Chinese vice-Minister of Commerce Zhong Shan.
The meeting discussed the expansion of economic relations between the two countries.
The trade turnover between the two countries in 2010 increased by 50.57 percent to $926 million as compared with 2009. In 2010, exports from Azerbaijan to China increased 2.6 times, imports of Chinese goods - by 21 percent.
Today, China exports to Azerbaijan mainly electrical equipment, various machinery and vehicles, chemicals and products of textile industry, and from Azerbaijan to China - the oil and oil products.
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