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Georgia interested in Azerbaijani investments

3 October 2013 14:14 (UTC+04:00)
Georgia interested in Azerbaijani investments

By Nazrin Gadimova

Georgia is creating all opportunities to attract investments from Azerbaijan, Georgian Prime Minister Bidzina Ivanishvili said on October 2.

"This is our main neighboring investor and we look for new ways to expand bilateral cooperation," Ivanishvili said.

According to Ivanishvili, currently the Georgian delegation is in Baku for talks on the intensification of oil transportation through the Georgian railway.

"An annual reduction of oil transportation by one million tons has been observed since 2006," Ivanishvili added. "Now we intend to strengthen our transit opportunities and prospects, first of all, those connected with Azerbaijan."

He also expressed the hope that the sides will enhance cooperation in the energy sector.

Georgia's Ministry of Economy and Sustainable Development reported that joining the agreement on a deep and comprehensive free trade area with the EU will have no impact on the trade relations with other countries, including Azerbaijan.

In January to June 2013, Georgia exported goods worth about $332.81 million to Azerbaijan. The figure was 26.9 percent of the total volume of the country's exports during the reporting period.

According to the Georgian statistics body, the GeoStat, the exports to Azerbaijan increased by 17.5 percent compared to the same period of 2012. Georgian goods worth about $283.23 million were exported to Azerbaijan in January to June 2012.

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