Azerbaijan and Iran intend to establish joint production and export to third countries, stated today in Baku Hadabaht Majid, a governor of the Iranian province of Ardebil, who is on visit to Azerbaijan. As an example, he said that Ardabil can supply potatoes in Baku, where the joint venture will make chips and export to Russia. In addition, enterprises of Ardabil can deliver in Azerbaijan various products and materials, including wood products, he said, without specifying any of the materials in question. Then he spoke about politics, saying that Iran has always supported and supports the territorial integrity of Azerbaijan. Earlier Hadabahta was received by the President Ilham Aliyev and Iranian delegation visited the city Sumgayit.-02D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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