Ilham Aliyev: Growth in trade and economic sphere between Azerbaijan, Russia is over 17%

“Regarding the trade and economic sphere, I consider the results quite satisfactory, with a growth of more than 17%,” President of Azerbaijan Ilham Aliyev told a meeting with Prime Minister of the Russian Federation Mikhail Mishustin, Report informs citing AZERTAC.

“I think it's a good indicator. We are already approaching the $4.5 billion mark. But naturally, this is not the limit. I am confident that within the framework of the agreements reached during the visit, next year, and by the end of this year, we will see even greater growth in bilateral trade.

I'm glad that industrial cooperation projects are being implemented. This is a relatively new area of our cooperation. Russian companies in Azerbaijan are establishing new manufacturing facilities, service centers, and all of this also contributes to more comprehensive cooperation in the industrial sector.

In agriculture - I reviewed the materials before your visit - we complement each other. What we need, we acquire from you and vice versa. We are also pleased that the significant growth in the supply of Azerbaijani agricultural products to the Russian market, as we agreed, continues successfully,” Ilham Aliyev said.

there are increasingly more projects in industry. We are also considering a joint project in the field of transportation engineering. There are also promising directions for large-scale mutual technological and innovative projects. We are working on agriculture. You mentioned the additions. We also have a number of questions regarding pharmaceuticals. Yesterday, we agreed to ramp up work in this area as well. Essentially, the entire range of our mutual projects is under our control today. And this is evidenced by the figures of mutual trade and economic turnover. You mentioned a growth of 17 percent. That's exactly it.

Mikhail Mishustin emphasized that there are increasingly more projects in industry: “We are also considering a joint project in the field of transportation engineering. There are also promising directions for large-scale mutual technological and innovative projects. We are working on agriculture. You mentioned the additions. We also have a number of questions regarding pharmaceuticals. Yesterday, we agreed to ramp up work in this area as well. Essentially, the entire range of our mutual projects is under our control today.”