In January-February 2016 foreign trade turnover of Azerbaijan totaled $ 2.2 billion, which is 45.5% less than in the comparable period of 2015, reported on March 17, the State Customs Committee.
Exported were goods for $ 1 billion 223.4 million, which is 47.6% less than in the same period last year. The share of oil and natural gas in the structure of exports amounted to 85.7%.
During the mentioned period the volume of imports of goods amounted to $ 979.8 million. The positive balance of foreign trade turnover with 132 countries comprised $ 243.6 million.
In February, compared with January exports fell by $ 90.6 million, while imports increased by $ 104.7 million. ----08D
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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