TODAY.AZ / Business

Local products to be presented in China

15 October 2018 [13:00] - TODAY.AZ

By Azernews


By Sara Israfilbayova

The Club of Exporters held discussions with the participation of representatives of companies that will take part in the China International Import Expo and international wine exhibition ProWine China in Shanghai.

The Economy Ministry reported that Zohrab Gadirov, Executive Director of Exporters Club touched upon the significance of work carried out in foreign countries in order to promote the “Made in Azerbaijan” brand.

In addition, he gave information about exhibitions and other events held in foreign countries in order to increase exports of local products, further saying that products made in Azerbaijan are in great demand in foreign markets, and in particular in China.

Earlier, Azerbaijani Economy Minister Shahin Mustafayev met with Chinese Ambassador to Azerbaijan Wei Jinghua.

The minister underlined that Azerbaijan plans to open its next trade and wine houses in Shanghai, adding that it will contribute not only to the expansion of trade and economic relations between the two countries, but also to the recognition of Azerbaijani products in China and cooperation in the sphere of culture and tourism.

Azerbaijan has its Trade House in the Chinese city of Liuzhou and a wine house in Urumqi.

China International Import Expo will be held on November 5-10 at the National Convention & Exhibition Center in Shanghai, China.

The event will gather government officials, business communities, exhibitors and professional purchasers across the world and provide them with new channels for countries and regions to do business, strengthen cooperation and promote common prosperity of the world economy and trade.

ProWine China, China’s leading international trade fair for wines, will be held on November 13-15. It creates a platform both for international dealers and producers and for local suppliers to present themselves, establish contacts and get to know the Chinese market.

Economic ties between Azerbaijan and China play a large role in the bilateral political relationships.

The cooperation between China and Azerbaijan strongly contributes to the realization of the Great Silk road program.

The Great Silk Road is a general name of a caravan road, which has been the main two-way trading bridge of East and West since the 3rd century BC up to now. The Great Silk Road starts in Japan and China stretches up to Europe cutting through India, Afghanistan, Iran, Central Asia, Caucasus, Asia Minor, Northern Africa including connecting the Indian Ocean, the Chinese Sea, the Japanese Sea, the Red Sea, the Caspian Sea, the Black Sea, the Sea of Azov and the Mediterranean Sea.

China became Azerbaijan’s 4th largest trading partner in 2017. Customs data of Azerbaijan estimated bilateral trade at a record close to $1.3 billion in 2017, up 33 percent from the previous year.

Exports of Azerbaijani goods amounted to $433.8 million (3.21 percent of total exports), while imports of Chinese products to Azerbaijan reached $854.5 million (9.73 percent of total imports).

The main export products from Azerbaijan to China last year were chemical products, fuel, and plastics. From China to Azerbaijan over the past year were imported electric equipment, vehicles and spare parts, clothing, ceramic products, household items.

URL: http://www.today.az/news/business/174893.html

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