Ex­ports from Azer­bai­jan to China can be car­ried out within CPEC

Azer News - - Business - By Sara Is­rafil­bay­ova

TAm­bas­sador of Pak­istan to Azer­bai­jan Sa­jid Khan Mohmand said that the goods can be sent to China from As­trakhan via Azer­bai­jan, Iran and Pak­istan.

“We are also ex­pand­ing the main sea­port of Gwadar. By 2025, the port can ac­cept more and more large ves­sels, and there are trans­port cor­ri­dors within the Lapis Lazuli project and the Ash­ga­bat agree­ment that con­nect Azer­bai­jan with Pak­istan and Cen­tral Asia, all of which can be of great im­por­tance for Azer­bai­jan,” the am­bas­sador stressed.

CPEC is a col­lec­tion of in­fra­struc­ture projects that are cur­rently un­der con­struc­tion through­out Pak­istan. Orig­i­nally val­ued at $46 bil­lion, the value of CPEC projects is now worth $62 bil­lion.

CPEC is in­tended to rapidly mod­ern­ize Pak­istani in­fra­struc­ture and strengthen its econ­omy by the con­struc­tion of mod­ern trans­porta­tion net­works, nu­mer­ous en­ergy projects, and spe­cial eco­nomic zones.

Trade and eco­nomic con­tacts oc­cupy a sig­nif­i­cant place in bi­lat­eral re­la­tions be­tween China and Azer­bai­jan. The process of in­ter­ac­tion be­tween the two coun­tries was marked by con­stant ten­den­cies of ex­pan­sion and strength­en­ing of co­op­er­a­tion.

The co­op­er­a­tion be­tween China and Azer­bai­jan strongly con­trib­utes to the re­al­iza­tion of the Great Silk road pro­gram.

The Great Silk Road is a gen­eral name of a car­a­van road, which has been the main two-way trad­ing bridge of East and West since the 3rd cen­tury BC up to now. The Great Silk Road starts in Ja­pan and China stretches up to Europe cut­ting through In­dia, Afghanistan, Iran, Cen­tral Asia, Cau­ca­sus, Asia Mi­nor, North­ern Africa in­clud­ing con­nect­ing In­dian Ocean, Chi­nese sea, Ja­panese sea, Red sea, Caspian sea, Black sea, Sea of Azov and Mediter­ranean sea.

China be­came Azer­bai­jan’s 4th largest trad­ing part­ner in 2017. Cus­toms data of Azer­bai­jan es­ti­mated bi­lat­eral trade at a record close to $1.3 bil­lion in 2017, up 33 per­cent from the pre­vi­ous year.

Ex­ports of Azer­bai­jani goods amounted to $433.8 mil­lion (3.21 per­cent of to­tal ex­ports), while im­ports of Chi­nese prod­ucts to Azer­bai­jan reached $854.5 mil­lion (9.73 per­cent of to­tal im­ports).

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