Minsk hoping to Azerbaijan

A delegation of the Azerbaijani government and business is to visit Minsk December 19-20, at the initiative of promoting exports and investment in Azerbaijan.

They will take part in a bilateral business forum in a special exhibition.

Belarusian businessmen, as well as state-owned enterprises of the country twice (2007 and 2009) visited Baku to attend national exhibitions of goods.

The State Customs Committee of Azerbaijan, for 10 months of 2012, imports of goods from Belarus grew by 6% to $ 57.8 million with sharply reduced Azeri exports to Minsk. If in January-October 2011 Belarus buys products from Azerbaijan to $ 533.5 million, for the same period of 2012, the figure dropped to $ 9.6 million,

The sharp decline of Azerbaijani export was due to the cessation of oil supplies to Belarus. State Oil Company of Azerbaijan swaps implement Venezuelan oil varieties Santa Barbara in the U.S. market, while the Azerbaijani oil on behalf of Venezuela in the same amount has been implemented in Belarus.

Minsk in a European embargo imposed for the violation of human rights, is interested in increasing its imports of non-liquid products in other markets. The negative balance of foreign trade of Belarus has already reached $ 500 million

Russian experts predict a worsening of the situation in 2013. According to the forecast of Economic Development of Russia, the current account deficit will rise to Belarus from 2.1% of GDP this year to 4.7% in 2013, 6.8% - in 2014, and 10.7% - in 2015. -0 -