Ministry of Economy Sees Potential to Boost Trade with China

Today, the Minister of Economy Shahin Mustafayev received the delegation of Chinese businessmen headed by Board member of the petrochemical company CNPC Van Shihong.

The Minister said the bilateral trade between the countries grew by 56% by October 1, which is confirmed by the data of the State Customs Committee (from January to October, the total figure was $ 641.39 million, $ 495.58 of which occurred in imports).

Mustafayev said there is the possibility of increasing trade and economic potential, especially in the field of investment, energy, transport and transit transportation.

CNPC has signed a memorandum of understanding with SOCAR on the establishment of a chemical and oil refining complex in Azerbaijan.

Recall, on import positions China occupies the third place in the trade turnover with Azerbaijan. In general, the country is in fifth place. --17D-

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