Moscow and Azerbaijan are preparing all the documents needed to begin enhancing trade and economic cooperation between the two countries, Russian Ambassador to Azerbaijan Mikhail Bocharnikov said on Monday.
BAKU (Pakistan Point News / Sputnik - 20th August, 2018) Moscow and Azerbaijan are preparing all the documents needed to begin enhancing trade and economic cooperation between the two countries, Russian Ambassador to Azerbaijan Mikhail Bocharnikov said on Monday.
"A whole series of documents on economic cooperation is being prepared. We want to intensify our trade and we also hope to develop economic cooperation," Bocharnikov told journalists at a press conference.
He added that Moscow also counted on setting up joint businesses with Russian participation, which would create a favorable economic climate.
"All of this really appeals to the business, I am glad to note an intensification of our business councils," the ambassador said.
According to the Azerbaijani Ministry of Economic Development, almost $350 million worth of goods were exported from Azerbaijan to Russia between January and July, marking a 5.76 percent increase from the first half of 2017. Russia, in turn, exported over $788 million worth of goods, also showing a slight increase year-on-year.
Moscow is currently one of Baku's main trade partners, according to figures from the first half of 2018. Bilateral trade amounted to $1.14 billion, which accounts for over 8.54 percent of Azerbaijan's total trade.
