In the first eight months of this year the volume of non-oil and non-gas exports of Azerbaijan amounted to $ 1 billion 94.7 million. This was $ 35 million or 3.1% less than in the comparable period in 2014.
According to the State Customs Committee, export of fruits and vegetables ($ 141.3 million) decreased by 2.7%, tea ($ 10.9 million) – by 43.9%, sugar ($ 152.4 million) – by 2.6 %, food oil ($ 101.3 million) – by 30.1%, and alcoholic beverages and soft drinks ($ 16.4 million) – by 25.4%.
During this period, Azerbaijani producers of plastic products exported goods worth $ 73.8 million and ferrous metal products were exported for $ 19.7 million. This is respectively 21.3% and 28% less than in January-August 2014.
Since the beginning of the year the export of chemical products has amounted to $ 70.1 million, an increase of 53.7%. Aluminum exports ($58.9 million) increased 9.2%. ----08D
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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