Great Britain interested in deepening of trade with Azerbaijan
By Rashid Shirinov
Great Britain intends to increase the level of trade turnover with Azerbaijan several times. Currently, more than 400 British companies are active in various fields in the country.
“I hope that the number of British companies here will increase,” said British Prime Ministerial Trade Envoy Baroness Nicholson, Trend reports.
“During the meeting with President of Azerbaijan Ilham Aliyev, he said that tourism is an area in which he would like to see the development. Tourism is the second most important income-generating area in Britain. I think that the development of our relationship will be reflected in this field,” she said.
Baroness Nicholson visited Azerbaijan to participate in the 23rdInternational Caspian Oil & Gas Exhibition and Conference to be held June 1-4. The exhibition and conference will feature 247 companies from 30 countries of the world.
Energy-rich Azerbaijan cooperates with the UK in the exploration and transportation of oil and natural gas from the Azerbaijani part of the Caspian Sea.
BP was one of the main partners of this South Caucasus nation for over 20 years and this cooperation played a major part in the economic formation of young Azerbaijan.
Azerbaijan and the UK have benefited from close bilateral partnership and cooperation since 1992. The relations have covered a wide range of issues, from high-level political dialogue to growing trade and investment, as well as strengthening cultural and humanitarian ties.
The UK and Azerbaijan are cooperating in education, trade, tourism, ICT, as well as other infrastructure and transit projects. Trade turnover between Azerbaijan and the UK stood at $564 million in 2015, according to the Azerbaijani State Customs Committee.
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Rashid Shirinov is AzerNews’ staff journalist, follow him on Twitter: @RashidShirinov
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