As part of the agreement on cooperation in the field of wine export from Azerbaijan to China, products worth $20 million were ordered last month, Economic and Commercial Adviser of the Chinese Embassy in Azerbaijan Ma Qi told Report.
“This cooperation will cover the next five years and more,” he noted, adding that Azerbaijani trading houses operate in different cities of China, which are visited by many Chinese consumers.
The adviser said that a large exhibition will be held in Shanghai this November: “Azerbaijani businessmen can also take part in the exhibition, and this, in turn, will create additional opportunities for the export of Azerbaijani products to China. We invite to place the national pavilion of Azerbaijan here. Last year exhibition was attended by 3,000 companies from 40 countries, and the value of the contracts concluded as a result of it amounted to $70 billion.”
Ma Qi noted that the Trans-Caspian International Transport Route plays an important role in increasing trade between the two countries. He said that a large number of Chinese companies are paying attention to this route: “In the past two years, we have made significant progress in the development of the route. Through the efforts of Azerbaijan, significant and serious cooperation is now being established between the Baku port and one of the largest ports in China, the port of Qingdao. We will see the results soon.”
The trade turnover between Azerbaijan and China in 2022 amounted to $2.159 billion. This is 21.3% more than in 2021. More than 100 Chinese companies operate in Azerbaijan.