TODAY.AZ / Business

Azerbaijani-Belarusian business forum to be held in Baku

09 October 2017 [17:46] - TODAY.AZ

By Azernews

By Sara Israfilbayova

Baku will host the Azerbaijani-Belarusian business forum on October 17.

More than 15 Belarusian companies specializing in various spheres of the economy will take part in the business forum, which will be organized by the Economy Ministry, according to Azerbaijan Export and Investment Promotion Foundation (AZPROMO).

Cooperation of Belarus and Azerbaijan in the economic sphere has been developing dynamically over the past decade. The main priorities of this cooperation are production cooperation, joint projects in the fields of science and technology, as well as investment cooperation.

Belarus exports to Azerbaijan mechanical production, woodworking, tires, foodstuff, medicine, household appliances, dishes and other goods. Azerbaijan’s exports to Belarus mainly consist of products made of aluminum, products of petrochemical, engineering and agriculture.

Azerbaijan’s first ever Trade House was opened in the Belarusian capital Minsk, on May 26.

Trade House in Minsk has signed deals with a number of major Belarusian trade companies to organize sale of Azerbaijani products in the country.

As of August, the Trade House has contributed to export of 84 tons of fruit and vegetable products, including 8,000 bottles of olive oil, 2,700 bottles of pomegranate juice and more than 1,200 boxes of tea, to Belarus.

Moreover, Azerbaijan and Belarus plan to supply tractors to Turkey.

The Minsk Tractor Works (MTW) OJSC signed a new contract with Ganja Automobile Plant in Azerbaijan on September 22 for supply of tractors to Azerbaijan along with an additional protocol on jointly entering the Turkish market.

In December 2016, MTW OJSC and Ganja Automobile Plant signed a contract on joint production of machinery in Ganja and delivery of machine and tractor sets to Azerbaijan in 2016-2017.

It is planned to deliver additional 460 Belarusian machines, including 60 cotton pickers, to Azerbaijan by the end of 2017.

Earlier, Belarusian Minister of Health Valery Malashko stressed that Azerbaijan and Belarus are interested in expanding relations in the pharmaceutical area and establishing a joint venture.

The sides signed a contract on supply of medicines from Belarus to Azerbaijan (in the amount of $7 billion) during the 23rd Azerbaijan International Healthcare Exhibition, BIHE-2017 at Baku Expo Center on September 28

Trade turnover between Azerbaijan and amounted to $93.76 million in January-August 2017, $83.85 million of which fell on import from Belarus, according to Azerbaijan’s State Customs Committee.


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