Azerbaijani-Russian InterRegional Forum due in Baku

The 7th Azerbaijani-Russian Regional Forum will be held in Baku from October 31 to November 1.

Eldar Tlyabichev, the trade representative of the Russian Federation in Azerbaijan announced about this while talking to Azertac.

As part of the forum, the interregional and cross-border cooperation between Azerbaijan and Russia, prospective infrastructure projects, inter-regional cooperation in the economic and financial field, problems and prospects of RussianAzerbaijani humanitarian space, the strategic relations between the two countries will be reviewed.

Moreover, various "round tables" and exchange of the contact for representatives of business circles of the two countries will be held.

Tlyabichev said 17 subjects of the Russian Federation realize trade-economic, scientific-technical and cultural cooperation agreements with their Azerbaijani counterparts.

The institutions and companies of more than 70 regions of Russia have trade ties with Azerbaijan.

Azerbaijan and Russia are tied by firmly based ties, which were officially established in 1992. The Azerbaijani-Russian cooperation is completely based on the principles of mutual respect and good neighborly relations.

Russia and Azerbaijan established an active and productive dialogue on many important issues in the foreign economic and political agenda. The southern neighbor is one of the largest importers of Azerbaijani agro-products. The country exports fruits, vegetables and melons to Russia.

Russia has invested $3 billion in Azerbaijan’s economy in total, while over 600 enterprises operating with Russian capital have been registered in Azerbaijan.

Meanwhile, Azerbaijan has invested over one billion dollars in the Russian economy. Russian companies are also contractors of 10 projects implemented through public investment.

Over 170 agreements were signed between the two countries, more than 50 of which were inked in economic field.