Azerbaijani Foreign Minister Jeyhun Bayramov said that they discussed mutual trade, as well as economic cooperation with his Russian counterpart Sergey Lavrov during the latter’s visit to Azerbaijan, Azernews reports. Bayramov made the remarks at a joint press conference with Lavrov on June 24 in Baku.
“Azerbaijan has direct economic relations with more than 70 subjects of Russia, while Russia is the third-largest trade and economic partner of our country,” he said. “We had the opportunity to discuss a broad agenda and paid attention to economic cooperation between our countries. The results of trade turnover for 2021 were noted with satisfaction, despite the ongoing and existing negative impact of COVID-19 coronavirus pandemic,” Bayramov said.
According to Bayramov, bilateral trade between Russia and Azerbaijan surpassed $3 billion in 2021 increasing by 12 percent.
The minister stressed that Azerbaijan attaches great importance to cooperation with Russia within the framework of the inter-governmental commission on economic issues.
The meeting between Russia and Azerbaijan, which took place on April 26, 2022, in Baku, celebrated the 30th anniversary of the start of diplomatic relations this year, he added. “Co-Chairmen of Commission are also in constant contact and they discussed a number of projects that are currently under development and execution on the margins of the St. Petersburg International Economic Forum [in Russia, on 15-18 June 2022],” he said. Furthermore, the Azerbaijani top diplomat added that Russia and Azerbaijan attach special importance to the expansion of transport links.
“Along with other projects and areas, we attach even greater importance to the expansion of transit and communication ties. In this context, the North-South project is of particular importance. In recent years, it has proved its efficiency and has very great prospects for expansion, which was also discussed in the framework of our today’s meeting,” the minister said. At a news conference with his Russian colleague Sergey Lavrov, Bayramov stressed the need for the ratification of cooperation with the Caspian littoral states. – Azer News