The trade turnover among the member states of the Cooperation Council of Turkic Speaking States (CCTS-Turkic Council) for a year is more than $7 billion, Azerbaijan’s Deputy Economy Minister Rufat Mammadov said in Baku at a business meeting of economy ministers of Turkic-speaking countries held within the 7th Summit of the Turkic Council dedicated to a decade of cooperation, Trend reports Oct. 14.

The volume of trade in Baku in January-August 2019 increased by 3.2 percent, compared to January-August 2018, and amounted to over 13.141 billion manats, Trend reports referring to the Statistics Office in Baku.

Azerbaijan is an important trade and economic partner of Russia in the South Caucasus, Minister of International and Foreign Economic Affairs of Russia’s Sverdlovsk Region Vasily Kozlov told reporters in Baku, Trend reports.

In the five months of 2019, Azerbaijan-France trade increased by 53 percent, compared to the figures for the same period last year, Azerbaijani Economy Minister Shahin Mustafayev said at Azerbaijan-France Business Forum held in Baku July 11, Trend reports.

In January-March 2019, the Russian-Azerbaijani trade increased by 10 percent compared to last year and amounted to $561 million, Russian Minister of Industry and Trade Denis Manturov said during a meeting with his Azerbaijani Minister of Economy Shahin Mustafayev at the International Industrial Trade Fair INNOPROM-2019 in Yekaterinburg city, Trend reports with reference to Russian media and the administration of the Sverdlovsk region.

Germany hopes that an escalation of the trade dispute between the United States and China can be avoided, Economy Minister Peter Altmaier said on Monday, adding that all parties should be careful with implementing unilateral decisions

European shares fell sharply on Monday after U.S. President Donald Trump unexpectedly ratcheted up trade tensions between the world’s largest economies by vowing to hike tariffs on Chinese goods by this week, prompting investors to flee riskier assets, reports Trend citing to Reuters

For many years, Pakistan and Tajikistan have been successfully cooperation in many areas. Today, Pakistan is one of the main investors in the Tajik economy.

Kazakhstan and Uzbekistan are showing mutual interest in the progressive development of bilateral relations in trade and economy, transport and communication, and other areas of mutual interest.

A meeting of the Uzbek-Austrian intergovernmental commission on trade and economic cooperation was held in Tashkent on April 9.