A delegation consisting of officials and businessmen headed by the Minister of Economy of Azerbaijan and co-chairman of the Azerbaijan-China Intergovernmental Trade-Economic Cooperation Commission Shahin Mustafayev will be on an official visit to China from February 25 to March 1, the Ministry reports.

The opening of trading houses is one of the significant events carried out within the framework of expanding the export of Azerbaijani products.

Azerbaijani business delegation, headed by Economy Minister Shahin Mustafayev, will visit Iran on February 22-24, Azerbaijan Export and Investment Promotion Foundation (AZPROMO) reported. The delegation is planned to visit Iranian cities of Ardebil and Urmia.

Azerbaijan and the Islamic Republic of Iran recorded a jump in the volume of trade turnover last year. Economy Minister Shahin Mustafayev said that the figure increased by 70 percent in 2016.

The development of the country’s regions remains among the issues of top priority for the government of Azerbaijan, as well as an important component of sustainable socio-economic development.

The government of Azerbaijan, which pays a special attention to the diversification of its energy-based economy, established a number of enterprises in non-oil sector in 2016.

Azerbaijan, seeking to minimize the impact of global economic crisis to the national economy and diminish its dependence on the oil sector, sees the agricultural sector as an advantageous direction in a bid to diversify the national economy.

Energy-rich Azerbaijan, which seeks to bolster the economic growth through stimulating and strengthening the export potential of its non-oil sector, continues to take certain measures in this regard.

Russia invested over $3 billion in Azerbaijan's economy, Azerbaijan’s Economy Minister Shahin Mustafayev said at the 7th Azerbaijan-Russia interregional forum in Baku Nov. 1.

Azerbaijan and Georgia, the countries with long-standing and successful relations are keen to expand economic cooperation.