Azerbaijan, China establish joint Agro-Industrial Park

Azerbaijan and China will establish a joint Agro-Industrial Park.

Report informs that the Azerbaijan Investment Company and Chinese CAMCE company will today sign a memorandum of agreement.

Nearly 120 Chinese companies operate in Azerbaijan. Azerbaijan invested $1.7 billion in China, while China invested over $800 million in Azerbaijan.

Azerbaijan is the main trade partner of China in the South Caucasus. The trade turnover between the two countries exceeded $1.3 billion, which constitutes 43% of China’s trade turnover in the South Caucasus.