Deputy minister: Trade turnover between Azerbaijan, EAEU countries up by 60% in 3 years

Over the past three years, the volume of trade between Azerbaijan and the countries of the Eurasian Economic Union (EAEU) has increased by 60% and approached $6 billion, Deputy Minister of Economic Development of Russia Dmitry Volvach said at the international round table in Baku "Formation of the Transport Framework of Eurasia and the Significant Role of Azerbaijan in this Process," according to Report.

"The key to further sustainable growth in trade and economic relations is the comprehensive development of transport and logistics ties," he noted.

In turn, Nadezhda Bychkova, Senior Lecturer at the Faculty of Public Administration at Lomonosov Moscow State University, noted that Azerbaijan is strengthening its role as a strategic transport hub.

"Today, Azerbaijan, with its developed infrastructure and continuing to actively invest in expanding its transport network, is consolidating its strategic advantage as a key transit hub located in the center of Eurasian geography at the intersection of key trans-Eurasian routes," the expert said.