Business news

BAKU, 7 December (BelTA – Trend) – There are over 60 companies with Azerbaijani capital in Belarus and 31 companies with Belarusian participation in Azerbaijan, Rufat Mammadov, the head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said during the Azerbaijan-Belarus business meeting in Baku on 7 December.

Rufat Mammadov noted that investment cooperation and trade relations between the two countries have been gaining momentum.

"Belarusian goods have long been on the shelves of Azerbaijani stores. Besides, several Belarusian shops operate in Baku. Belarusians also have access to Azerbaijani products, which is facilitated by the opening of an Azerbaijan trading house in Belarus. I think that the activities of the trading house will help us achieve our goal,” Rufat Mammadov said.

The Azerbaijani-Belarusian business meeting has been organized by AZPROMO with the support of the Economy Ministry of Azerbaijan. The Belarusian delegation headed by Grodno Mayor Mechislav Goy ncludes representatives of seven Belarusian companies operating in various fields.

According to the State Customs Committee of Azerbaijan, the trade with Belarus in January-October 2017 amounted to $113.15 million, of which over $100 million accounted for the import of Belarusian products.