Azerbaijan – Russia Business dialogue was held

The business dialogue was organized among the businessmen under the support of
Azerbaijan-Russia and Russia-Azerbaijan business boards, with the participation of
Shahin Mustafayev the minister of Economy and Maxim Oreshkin the minister of
Economic Development of Russian Federation within the 23 rd St. Petersburg
International Economic Forum.
Shahin Mustafayev the Minister of Economy has emphasized the importance of
expansion of the relations among the business circles of the business board of
Azerbaijan-Russia and Russia-Azerbaijan. Shahin Mustafayev who emphasized the
trade relations as main directions of Azerbaijan-Russia economic cooperation has
brought into attention that, Russia is a main partner of Azerbaijan and holds the first
place in export of non-oil products. The last year its trade turnover with Russia
increased 19% in comparison with the previous year, and reached $2,5 billion. The
trade turnover increased 23% in January-April months of this year. Azerbaijan is a
main trade partner of Russia in the South Caucasus. 43% of the common trade
turnover with the South Caucasus felt to Azerbaijan’s share.
The expansion of trade relations between our countries is great and the events
continue with this purpose. However, Azerbaijani trade delegation operates in Russian
Federation, the mechanism of trade houses is applied. Shahin Mustafayev has
mentioned the importance of the Working Group on actual matters of Economic-trade
cooperation in the expansion of business relations, the activity of the delegation of
Russian Export Center opened in Baku, the importance of the business seminar held
by “Gazprombank” on investment opportunities for Azerbaijan. In addition,
Azerbaijani products have been demonstrated in the exhibitions “Worldfood”,
“Prodexpo”, “MosBuild 2019” held in Russia under the national stand “Made in
Azerbaijan”, the export missions for Russia have been organized, Azerbaijan Work
Centre was opened in Hashtarkhan in May of the last year. The opening of 2
Azerbaijan wine houses is expected at St. Petersburg and Yekaterinburg cities this
year.
In addition, currently the formation of the project of “Azerbaijani gifts” network of
shops is realized in Russia. The first shop within the project is opened in Moscow. It
is planned to open such in other cities of Russia.
Our country cooperates with Russia in the fields of industry, investment. In this
regard, the project “SOCAR Polymer”, the formation of pharmaceutical enterprise in
Pirallahi Industrial Park, the cooperation of the plants “Kamaz” and “Ural” with
Ganja Automobile Plant are of great importance in the field of mutual investment.

Maxim Oreshkin the minister of Economic Development of Russia has brought into
attention the political-economic relations of high level between our countries, has
emphasized the multi-branch projects in different fields. Russian minister notes that,
there are great opportunities for the development of economic-trade cooperation
between two countries, and the efforts for strengthening of this positive inclination
will be increased, the business dialogue organized today will give its contribution to
the development of business relations. Maxim Oreshkin has brought into attention the
export of agricultural products from Azerbaijan, has invited the businessmen for the
more efficient use of opportunities formed.
Samad Gurbanov the Chairman of the Board of Azerbaijani-Russian Business
Council, Russia’s Presidential Commissioner for Entrepreneurs' Rights Boris Titov,
Yusif Abdullayev acting President of AZPROMO, Alexey Repik the Chairman of the
Azerbaijan-Russia Business Council and other persons have noted the importance of
mutual economic cooperation, and shared their views on opportunities for relations
expansion between the two countries.
The opportunities of expansion of relations between the business circles have been
discussed within the meeting.