Azerbaijan signs agreement with Russian region
BAKU – An intergovernmental agreement signed between the Azerbaijani government and Russia’s Astrakhan region on trade and economic, scientific and technical and cultural cooperation in Baku on Thursday.
From the Azerbaijani side, the agreement was signed by First Deputy Prime Minister Yagub Eyubov, and from the Russian side by Astrakhan Governor Alexander Jilkin.
The previous agreement signed seven years ago ceased to have effect in 2010.
A delegation of the Astrakhan oblast headed by Jilkin is on two-day visit to Baku. The delegation also includes representatives of business circles.
71 subjects of the Russian Federation are involved in foreign trade activity with Azerbaijan. About 15 Russian regions signed bilateral agreements on trade-economic, scientific-technical and cultural cooperation.
The trade turnover between Azerbaijan and Russia increased by 71.5 percent and amounted to $1.455 billion as of the first half of the year. Russian export increased by 58.9 percent and hit $776.1 million. Exports from Azerbaijan increased by 88.5 percent and hit $679.2 million.
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