Azerbaijan is the first ten months of this year put abroad agricultural products worth $ 311.6 million, which is 22.3% more than in the comparable period of 2015, according to the Ministry of Agriculture.
During this period, Azerbaijan exported 146.3 thousand tons of vegetables, which is 33.4% higher than 10 months of last year. Vegetable exports generated $ 112 million (+ 38.9%).
Sales of fruit abroad amounted to 117.7 thousand tons, 25.7% more than in January-October 2015. A ton of fruit was exported at $ 1,348.9, or $ 163 less than in the comparable period last year.
Exports of raw tobacco remained virtually unchanged and amounted to 1 666.3 tons. A ton of tobacco was sold abroad for $ 3,863. Therefore, the amount of revenue ($ 6 million 438 thousand) did not change.
The Government of Azerbaijan considers the agricultural sector as one of the sources of foreign exchange earnings in the coming years. Therefore, the agricultural sector, since 2017, will develop with intensive methods. ------08D
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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