Azerbaijan-Russia trade turnover in service sector reaches $400M annually

The annual trade turnover between Azerbaijan and Russia in the service sector reaches about $400 million, Russia’s trade representative in Azerbaijan Eldar Tlyabichev said at the Azerbaijani-Russian business meeting in Baku Nov. 16, Trend reports.

He said that both countries have sufficient potential for the development of the service sector.

Tlyabichev recalled that the trade turnover between Azerbaijan and Russia has been growing recently.

"I think that we should develop cooperation in new sectors, for example, machine building and textile production," he said. “We have prospects for developing relations in all spheres, because state structures and business in Azerbaijan are positively inclined to develop relations with Russia. We see and feel that.”