En­voy: In­creas­ing trade a pri­or­ity in re­la­tions with Ukraine

Azer News - - Nation - By Narmina Mam­madova

Azer­bai­jan and Ukraine en­joy sus­tain­able prospects of bi­lat­eral re­la­tions in po­lit­i­cal, eco­nomic, en­ergy, trans­port and hu­man­i­tar­ian fields.

Azer­bai­jan is con­sid­ered one of the main trade part­ners of Ukraine among the CIS coun­tries.

Ukraine is in the sec­ond place after Rus­sia in terms of trade part­ners of Azer­bai­jan in the post-So­viet space.

But both coun­tries do not stop at what has been ac­com­plished and deepen the al­ready well-es­tab­lished eco­nomic co­op­er­a­tion.

Azer­bai­jan's Am­bas­sador to Ukraine Azer Khudiyev talked on this is­sue in an in­ter­view with Ukraine's Chan­nel 5 on Jan­uary 7.

In­creas­ing trade turnover is one of the pri­or­i­ties of the Azer­bai­jan Ukraine re­la­tions, he said.

The am­bas­sador noted that since 2012, the trade turnover be­tween the two coun­tries has de­clined sig­nif­i­cantly, although un­til 2012 it was ap­prox­i­mately $1.5 bil­lion.

"From 2016 to 2017, we in­creased turnover 2.5 times," he said, adding that to date the bi­lat­eral trade has ex­ceeded $800 mil­lion, though it was $300 mil­lion un­til 2016.

"Azer­bai­jan and Ukraine are strate­gic part­ners. This strate­gic part­ner­ship re­lies on a high level po­lit­i­cal di­a­logue be­tween the heads of our coun­tries, as well as on a big eco­nomic po­ten­tial and a very high level of hu­man­i­tar­ian and cul­tural ties tra­di­tion­ally ex­ist­ing be­tween our coun­tries," Khudiyev said.

Ac­cord­ing to the Azer­bai­jan’s State Cus­toms Com­mit­tee, Azer­bai­jan's trade turnover with Ukraine amounted to $810.28 mil­lion in 2017. In Jan­uary-Novem­ber 2018, the turnover amounted to $725.8 mil­lion, of which about $414.5 mil­lion ac­counted for Azer­bai­jan's im­ports of Ukrainian prod­ucts.

Re­cently, Azer­bai­jan and Ukraine have been en­gaged in ac­tive de­vel­op­ments of eco­nomic co­op­er­a­tion. In June of this year, the first Trade House of Azer­bai­jan was opened in Kiev, anal­o­gous houses are planned to open in other cities of the coun­try.

Di­rect in­vest­ments from Ukraine to Azer­bai­jan ex­ceed $25 mil­lion, and from Azer­bai­jan to Ukraine $200 mil­lion.

There are wide ex­port op­por­tu­ni­ties of Ukraine, which is rich by na­ture, to en­ter the Azer­bai­jani mar­ket.

Main goods im­ported from Ukraine to Azer­bai­jan are meat, dairy and con­fec­tionery prod­ucts, con­struc­tion stones, medicines and etc., while Ukraine mainly buys oil and oil prod­ucts from Azer­bai­jan. Mean­while, the main goods ex­ported from Azer­bai­jan to Ukraine are prod­ucts of fuel en­ergy in­dus­try, chem­i­cal in­dus­try prod­ucts, and agro-in­dus­trial prod­ucts.

Azer­bai­jani oil amounted to $ 376.877 mil­lion of the to­tal $ 442.219 mil­lion worth oil im­ported by Ukraine in 2017. In Jan­uary-Novem­ber 2018 Azer­bai­jan ex­ported crude oil worth $376.337 to Ukraine.

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