Vice-Premieres of Azerbaijan and the Russian Federation – Shahin Mustafayev and Alexey Overchuk held a meeting in video conferencing format.
According to the press service of the Russian government, the Deputy Prime Minister discussed a wide range of issues of trade and economic cooperation, paying special attention to industry, energy, transport, agricultural and food security, financial and banking and interregional interaction.
Deputy Prime Minister of the Russian Federation noted the progressive strengthening of the legal framework of bilateral relations and the consistent implementation of the Action Plan for the Development of Keywords of Russian-Azerbaijani Cooperation until 2024.
Next, it is noted that the Trade and Economic Cooperation of Azerbaijan and the Russian Federation is at a high level and has serious potential for further strengthening. In January-November 2021, a rise in 14.4% was recorded in the mutual trade of two countries compared with 2020. The total volume amounted to 2.9 billion US dollars. Russian exports – $ 2 billion, imports – $ 914.1 million.
Meeting participants noted the importance of the development of interregional cooperation. As a key platform for dialogue at this level, the format of the Russian-Azerbaijani Interregional Forum was marked. The 11th Interregional Forum is scheduled to be held in 2022.
Institutes of Development and Representatives of Business Communities also occupy an active position in the development of bilateral relations … In matters of interaction in the field of electric power industry, the parties noted a great potential for further cooperation in the oil and gas sector and in the field of renewable energy sources, the press service said Government of the Russian Federation.
special attention was paid to the development of the project of the International Transport Corridor “North-South”.
In addition, the parties reviewed the development of cooperation in the field of agriculture and food safety. It was noted that food products and agricultural products occupy a leading position in the mutual trade of the Russian Federation and Azerbaijan. The turnover of agricultural products and food between countries in January-December 2021 increased by 3.4% compared with the indicators of 2020 and amounted to 1.3 billion US dollars.
Russian-Azerbaijani agro-industrial connections occupy an important place in the system of foreign economic relations. In February 2022, within the framework of the project “Agroexpress”, the first cargo train with fruits and vegetables from Azerbaijan to Russia was launched on the delivery of goods with accelerated trains to Russia.
Parties confirmed the readiness to continue the constructive dialogue aimed at strengthening Russian-Azerbaijani relations in all areas of cooperation, emphasized in the message.