The economies of Azerbaijan and Turkey do not compete, but complement each other, Turkish Trade Minister Mehmet Mus said in Baku, Trend reports.

The economic and trade relations between Iran’s Ardabil Province (north-western Iran) and Azerbaijan will further develop with the support of officials of the two countries, Deputy Governor of Ardabil Province Arjang Azizi said, Trend reports citing the Ardabil Province Governor Office’s information portal.

Trade turnover between Georgia and Azerbaijan from January through July 2021 amounted to $586.89 million, which is 9.17 percent, or $49.34 million, more than the same period last year, Trend reports with reference to the report of the National Statistical Office of Georgia.

The economies of Azerbaijan and Uzbekistan have much in common and complement each other, which creates good preconditions for intensive interaction, the Uzbek Ministry of Investments and Foreign Trade told Trend.

Appropriate steps are constantly being taken to strengthen economic ties between Turkey and Azerbaijan, and innovations are expected in this direction in the near future, Chairman of the Grand National Assembly (Parliament) of Turkey Mustafa Sentop said, Trend reports.

Serbia and Azerbaijan will analyze the possibility to ink a free trade agreement (FTA), Serbian Foreign Minister Nikola Selakovic said, Trend reports.

The Netherlands retained its position as the third largest trading partner of Russia, despite decline in trade between the two countries in 2020, Russia’s trade representative in the Netherlands Andrey Makarov, Trend reports citing TASS.

The cost of products sold in retail chains in Azerbaijan amounted to 6 billion manat ($3.52 billion) from January through February 2021, which is 1.3 percent less compared to the same period of 2020, Trend reports.

With the support of the Trade Mission of Russia in Azerbaijan, online events will be held within the framework of the business mission of enterprises in the Russian Bryansk region on March 5-25, Trend reports citing the Trade Representation of Russia in Azerbaijan

Turkish President Recep Tayyip Erdogan has approved the ‘Preferential Trade Agreement between the Government of Azerbaijan and the Government of Turkey’, Trend reports.