At the end of January 2017 Azerbaijan’s export mission is to visit Pakistan. This was stated by the Minister of Economy of Azerbaijan Shahin Mustafayev at the opening of the Azerbaijani-Pakistani business forum in Baku on December 5.
He expressed hope that this meeting will contribute to the expansion of the bilateral ties. “We are ready to create all conditions for Pakistan's companies,” Mustafayev said.
In turn, Pakistan's Commerce Minister Khurram Dastgir Khan said that the trade turnover between the two countries is much below potential.
“We can set up joint ventures in the textile, pharmaceutical and agricultural sectors,” Khan said. -05D06--
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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