Rostov Region Companies to Take Part in Azerbaijan Business Forum

A business forum uniting businessmen and officials from Azerbaijan and the Russian Rostov Region has kicked off in Baku on Wednesday, writes.

Addressing the event, the governor of Rostov Region Vasily Golubev highlighted the development of relations between the two countries. He said that the business forum aims “to discuss the development of trade, economic, cultural and humanitarian cooperation between Azerbaijan and Russia’s Rostov Region.”

Golubev noted that last year the trade between Azerbaijan and Rostov Region amounted to $61 million. Rostov supplies Azerbaijan with mechanical engineering and chemical products, among others.

In his remarks, Azerbaijani Minister of Economy Mikayil Jabbarov hailed great potential for expanding economic and trade relations between the two countries. He noted that there are ample opportunities for increasing trade between Azerbaijan and Rostov Region.

Representatives of companies from different sectors of Azerbaijan and Russia’s Rostov Region are participating in the forum.

“Azerbaijan is interested in cooperation in the fields of industrial, agricultural and agro-industrial complexes. For now, Azerbaijan has developed cooperation with 70 regions of the Russian Federation. I think that we, together with the Rostov Oblast, can be a good example for others in the field of cooperation,” Azerbaijan’s deputy economy minister Niyazi Safarov said at a ceremony at which ten cooperation agreements were signed.

According to him, the documents will form the basis of mutual interest and development of cooperation between Azerbaijan and the Rostov region.

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