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.
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The opening of trading houses is one of the significant events carried out within the framework of expanding the export of Azerbaijani products.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Azerbaijan and Georgia, the countries with long-standing and successful relations are keen to expand economic cooperation.
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