Azerbaijan and China are ready to further increase the volume of bilateral trade, optimize the structure of goods, and facilitate access of goods to markets.
According to Report, this was reflected in the "Joint Declaration the Republic of Azerbaijan and the People’s Republic of China on the establishment of a strategic partnership” adopted on July 3 within the framework of the Summit of the Shanghai Cooperation Organization in Astana.
“The Parties express their readiness to further increase the volume of bilateral trade, optimize the structure of goods, and facilitate access of goods to markets. China welcomes Azerbaijan’s active participation in the China International Import Expo, the China Import and Export Goods Fair, the China International Services Trade Fair, and other major exhibitions. Azerbaijan welcomes the participation of China's leading companies in the ADEX International Military Exhibition and other major exhibitions and forums held in the territory of Azerbaijan. China supports Azerbaijan in holding thematic presentations and establishing contacts on trade centers and national pavilions opened in China, as well as Chinese electronic trading networks.
The Parties highly appreciate the sustainable and dynamic development of trade and economic relations between the two countries and are ready to continue to elevate the role of the mechanism of the Intergovernmental Commission on Trade and Economic Cooperation to further strengthen the interaction in the fields of trade, investment and engineering and contracting projects, as well as to focus on facilitating the implementation of projects in the fields of transport and communications, green energy, recycling and production, infrastructure, digital economy, agriculture and others, to achieve high-quality development of Azerbaijani-Chinese trade and economic cooperation.
Azerbaijan and China have strong economic complementarity and an immense potential for developing cooperation in the field of industrialization and investment. The Parties will make full use of the working mechanism of cooperation on industrialization and investment between Azerbaijan and China, increase contacts on vision, planning and policy, facilitate the activities of companies of Azerbaijan and China, actively promote cooperation in priority areas such as energy, including oil and gas production and refining, green energy and transport infrastructure, information and telecommunications, digital economy, non-ferrous metals, building materials, and others, and enrich the cooperation of the two countries with real results for the benefit of the two countries and their peoples in accordance with the principle of a market economy,” reads the declaration.