The Russian Export Center (REC) will hold a business mission in Baku on April 4. Director General of the Russian Export Center Andrey Slepnev, Russian Industry and Trade Minister Denis Manturov, Azerbaijani Minister of Economy Shahin Mustafayev, Acting President of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Yusif Abdullayev will participate in the events.
Along with the minister, the representatives of more than 60 Russian companies operating in various sectors of economy, including agriculture, ICT, automotive engineering, chemical industry and others, will visit Baku. The participants of the event will discuss the issues of cooperation and further steps to strengthen the ties. A number of cooperation agreements between the two countries will be signed during the delegation’s visit.
"Azerbaijan is a modern, fast-paced country. That attracts Russian companies to implement joint economic projects. Over 750 joint companies run operations on Azerbaijan’s market, of which around 300 have 100% Russian capital and more than 450 are in joint-venture format," TASS cited Slepnev as saying.
He noted that persistent efforts are made towards economic diversification and development of joint productions. The establishment of the GAZ car assembly plant in Azerbaijan has become one of the results. The foundation stone laying was held this February for a new manufacture facility to produce commercial freight vehicles and special-purpose machinery.