An­other Trade House reg­is­tered abroad

Azer News - - Front Page - By Aygul Sal­manova

The Reg­is­ter of En­ter­prises of Latvia has reg­is­tered Azer­bai­jan Trade House Ltd, ac­cord­ing to the coun­try’s Econ­omy Min­istry.

The Reg­is­ter of En­ter­prises of Latvia has reg­is­tered Azer­bai­jan Trade House Ltd, ac­cord­ing to the coun­try’s Econ­omy Min­istry.

The com­pany is es­tab­lished with the aim of man­ag­ing the Trade House of Azer­bai­jan in Latvia.

The trade house will sup­port pro­mo­tion of Azer­bai­jani prod­ucts un­der the ‘Made in Azer­bai­jan’ brand in Latvia, mar­ket­ing re­search, par­tic­i­pa­tion in ex­hi­bi­tions and other ac­tiv­i­ties re­lated to the pro­mo­tion of Azer­bai­jani goods.

Pres­i­dent Aliyev signed a rel­e­vant de­cree on Jan­uary 26, and en­dorsed the econ­omy min­is­ter to ap­point trade rep­re­sen­ta­tives to the coun­try’s diplo­matic mis­sions abroad and open trade houses.

Trade houses in for­eign coun­tries will fa­cil­i­tate the ex­port process, pro­mote an ex­port of com­pet­i­tive Azer­bai­jani pro­duc­tion and en­able the coun­tries to ex­pand trade op­er­a­tions.

As of to­day, 92 trade­marks of Azer­bai­jan are pro­tected un­der the ‘Made in Azer­bai­jan’ brand, while the coun­try’s to­tal out­puts nears 250 kinds of prod­ucts in food, light, heavy and con­struc­tion in­dus­tries. The brand is highly suc­cess­ful in re­gional and world mar­kets, and Azer­bai­jan’s lo­cal out­put meets all the nec­es­sary stan­dards.

The first Trade House of Azer­bai­jan was opened in Minsk, the cap­i­tal of Be­larus, on May 26 to fa­cil­i­tate the ex­port process, pro­mote an ex­port of com­pet­i­tive Azer­bai­jani pro­duc­tion and en­able the coun­tries to ex­pand trade op­er­a­tions. To­day, al­co­holic prod­ucts, nat­u­ral juices, jams, cos­met­ics and other prod­ucts of Azer­bai­jan are dis­played in the Trade House.

The coun­try also plans to open its sec­ond Trade House in Arkhangelsk re­gion, Rus­sia. The open­ing of the Trade House, which will be lo­cated in one of the his­tor­i­cal build­ings in Arkhangelsk, is ex­pected to be a good driver for the de­vel­op­ment of eco­nomic and cul­tural-ed­u­ca­tional co­op­er­a­tion be­tween Arkhangelsk and Azer­bai­jan.

As for Latvia, the coun­try rec­og­nized the in­de­pen­dence of Azer­bai­jan in 1992 and two years later, the sides started diplo­matic re­la­tions. It con­sid­ers Azer­bai­jan an im­por­tant part­ner in the field of tran­sit and lo­gis­tics in the South Cau­ca­sus re­gion.

Pri­or­ity ar­eas of co­op­er­a­tion be­tween the two coun­tries in­clude joint in­vest­ment projects, ef­fec­tive use of in­ter­na­tional trans­porta­tion cor­ri­dors, ed­u­ca­tion, agri­cul­ture, con­struc­tion, tourism and health.

The trade turnover with Latvia in the 11 months of 2017 amounted to 14.04 mil­lion dol­lars, hav­ing in­creased 1.8 times as com­pared to the same pe­riod in 2016, ac­cord­ing to the State Cus­toms Com­mit­tee of Azer­bai­jan.

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