Azerbaijani delegation attends the 23 rd St. Petersburg International Economic Forum
The delegation led by Shahin Mustafayev the Economy Minister participates in the
23 rd St. Petersburg International Economic Forum held in Saint-Petersburg, Russia on
Let’s note that, the forum held since 1997, becoming the advanced platform is one of
the events of the world of economic importance from economic view point, and it is
organized under the patronage and participation of Russian Federation since 2006.
The aim in holding the forum is a conduction of the discussions in the direction of
solution of economic issues with the participation of officials, business and civil
society. The events in the forum are realized in the forms of traditional panel sessions,
round tables, telecasts and business dialogues dedicated to the business dialogues
dedicated to the relations of Russia with different countries. The business discussions
in 4 main thematical directions such as “Global economics in the search of balance”,
“Russian Economics: Attaining the Objects of National Development”, “First of all
people”, “Technologies forming the future”, two-sided business dialogues, B20
Regional Consultations Forum and other events have been organized within the forum
held this year.
Shahin Mustafayev the Economy Minister, the Head of Azerbaijani delegation met
with Aleksandr Drozdenko the Governor of Leningrad province within the 23 rd St.
Petersburg International Economic Forum on 07 June.
During the meeting Shahin Mustafayev the Economy Minister emphasized that, the
bilateral cooperation turned into a strategic partnership level and the the relations have
been developed in all directions in the result of joint efforts, political will and mutual
visits of the presidents of Azerbaijan and Russia. In this regard, the official visit of
Mr. Ilham Aliyev the President of the Republic of Azerbaijan in September of the last
year, the negotiations carried out, the documents signed during the visit are of great
importance. Russia is a main trade partner of Azerbaijan. Last year the trade turnover
of Russia increased 19%, and reached $25 billion.The growth trend continues in 2019.
So, the trade turnover increased by 23% in the first quarter. Shahin Mustafayev stated
that, the mutual cooperation is realized in the field of investment, the joint projects are
implemented. At the beginning of this year, the contract on cooperation was signed
with the company “GAZ Group” in Hajigabul industrial district and the foundation of
the automobiles with the model “GAZ” has been laid down. The first stage of the
construction of the plant producing the medicines have been ended in Pirallahi
Industrial Park recently.
In addition, the joint financing of the construction of “SOCAR Polimer” Plant
is a pattern of the successful cooperation.
“Gazprombank” also finances the reorganization of “Azerkimya”
Production Union and other projects.
Shahin Mustafayev has stated that, the economic cooperation between the
federal subjects of Azerbaijan and Russian Federation, as well as between
Saint Petersburg province are developed, the economic-trade relations
expand. Its trade turnover with Saint Petersburg province has increased 7,3%
in 2018. However, there is great potential in development of the economic
cooperation in different fields.
Aleksandr Drozdenko the Governor of Leningrad province has shared his
thoughts in the direction of relations development between Azerbaijan and Leningrad
province of Russia, he has emphasized the importance of relations expansion.
The discussions on development of relations between Azerbaijan and Leningrad
province of Russian Federation were conducted in the meeting.
Then, the Contract on cooperation in trade-economic, scientific-technical and
cultural fields was signed between the Government of Azerbaijan and Leningrad
province of Russian Federation. The organization of the direct relations among the
industrial subjects, mutual foodstuff products exhibitions, the strengthening of
relations in the field of technology and science, the formation of relations among the
organizations operating in the field of education, science, health and culture, tourism,
sport and youth, and other matters are intended.
Let’s note that, the cooperation contract was signed between Azerbaijan
Export and Investment Promotion Foundation (AZPROMO) and
“Roscongress” Foundation of Russia within the