Trade turnover between Azerbaijan, Mexico doubles

The trade turnover between Azerbaijan and Mexico has doubled since 2014, the Mexican embassy said in a statement issued on the second anniversary of the activity of Ambassador Rodrigo Labardini in Baku.

Labardini is the first ambassador of Mexico in Azerbaijan. Labardini took the office after 8 months since the opening of diplomatic representation of this Latin American country in Azerbaijan.

The embassy stressed that the opening of the embassies of both countries greatly contributed to the growth of bilateral trade. “Since the opening of the embassy in 2014 and in 2015, the volume of bilateral trade increased threefold and reached $22 million. In 2016 similar figures were observed. In turn, bilateral tourism in the same period tripled,” the statement reads. However, the current trade turnover indicators still do not correspond to the potential that exists between the two states, according to the embassy.

The embassy further highlighted that Mexico for the first time took part in the Azerbaijan International Food Industry Exhibition in 2017, where 16 categories of Mexican products, including ground chili, sweets with chili, fruits, drinks, beans, and also Mexican beer, tequila and mescal, were presented.

Besides, various Mexican films have been screened in Baku, while some of them have been translated into the Azerbaijani language.

2016 saw exhibitions of Mexican artists in Baku and in the regions of the country. Such exhibitions were organized in Ganja, Mingachevir, Gabala and Shamakhi. Currently, works of Mexican sculptor Jorge Marina are on display at the Heydar Aliyev Center. The exhibition, which opened in October 2016, will last until the end of August 2017.

The embassy stated that it will further actively promote bilateral relations, developing friendship between Mexico and Azerbaijan.

In December 1991, Mexico recognized the independence of Azerbaijan. On 14 January 1992, both nations established diplomatic relations.