TODAY.AZ / Business

Azerbaijan Expo-Trade Center to appear in Moscow

09 October 2017 [17:29] - TODAY.AZ

By Azernews


By Sara Israfilbayova

The Government of Azerbaijan will establish an Azerbaijan Expo-Trade Center in Moscow, Russia.

The Center will locate within the All-Russian Exhibition Centre and contribute to further promotion of Azerbaijani goods, the Economy Ministry reported.

Azerbaijan is one of the main economic partners of Russia among the CIS countries. Interregional cooperation plays an important role in the development of Russian-Azerbaijani trade and economic relations and the increase in trade turnover.

At present, enterprises of 71 regions of the Russian Federation cooperate directly with Azerbaijan. Fifteen regions of Russia have relevant agreements with Azerbaijan on trade and economic, scientific, technical and cultural cooperation.

Azerbaijani business center will be built in the Astrakhan region soon. The Center will promote Azerbaijani products in the Russian market. The interested Russian companies will have opportunity of concluding long-term contracts with specific suppliers from Azerbaijan. Thus, the construction of the center will contribute to the effective development of trade and economic relations between business entities of both countries.

A national shopping center of Azerbaijan, Baku Plaza, is planned to be opened in Yekaterinburg, Russia.

Baku Plaza will provide a number of services. Ateliers, repairs and tailoring, dry cleaning, beauty salon and grocery stores will operate at the Center.

Moreover, Azerbaijan seeks to open its second Trade House in Russia’s Arkhangelsk region.

Azerbaijan has already opened Trade House in Belarus, and the work is underway to open similar Trade House in Ukraine.

The country creates Trade Houses abroad to facilitate the export process, promote an export of competitive Azerbaijani production and to expand trade operations.

The trade turnover with Russia amounted to $951.32 million in January-June 2017, according to Azerbaijan’s State Customs Committee.

URL: http://www.today.az/news/business/165604.html

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