Azerbaijani companies to cooperate with Russia's large food retailer

9 September 2016 17:47 (UTC+04:00)

By Nigar Abbasova

Member companies of Azerbaijan Fruit and Vegetables Producers and Exporters Association (AMTIIA ) will be able to directly export their output to Russia, Azerbaijan Export and Investment Promotion Foundation (AZPROMO) reported.

The decision was taken within the framework of AMTIIA's meeting with representatives of X5 Retail Group (Russia’s second largest food retailer). The sides discussed the directions of mutually beneficial cooperation and took a decision on the direct export of fruit and vegetables to the Russian market.

Being headquartered in Moscow, X5 Retail Group operates such trade networks as Pyaterochka, Perekrestok, and Karusel.

The newly-established AMTIIA is responsible for boosting Azerbaijan’s export potential in the fruit and vegetable sector as well as increasing overall production levels.

Currency, some 14 Azerbaijani companies are allowed to export their agro-production to the Russian market.

The northern neighbor is still one of the main trade partners of Azerbaijan, which has long ago got a well-established place on the Russian market. The country currently ranks the fifth in Russia's foreign trade with the CIS countries (following Belarus, Kazakhstan, Ukraine and Uzbekistan). 

The trade turnover between Azerbaijan and Russia amounted to $1.06 billion in January to July 2016, while some $212.9 million of the figure accounted for the export to this country.

--

Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova

Follow us on Twitter @AzerNewsAz