"Green Corridor" opening in trade between Russia and Azerbaijan

"Green Corridor" opening in trade between Russia and Azerbaijan

A "Green Corridor" is opening in the trade between Russia and Azerbaijan, Russian Trade Representative in Baku Ruslan Mirsayapov said.

According to Mirsayapov, on March 17, the presentation of the "Green Corridor" - a pilot project to organize a simplified customs corridor for law-abiding participants in foreign economic activity took place.

"The Federal Customs Service (FCS) of Russia and the State Customs Committee (SCC) of Azerbaijan will determine the lists of project participants from among the authorized economic operators, or AEOs (there are currently 164 AEOs in Russia) and other participants in foreign economic activity, professionally oriented to trade in goods that fall under the terms of the project and are characterized by a low level of risk," he said.

Besides, he noted that when concluding foreign trade contracts between Russian and Azerbaijani participants of the Green Corridor, the customs authorities of the two states will automatically apply simplifications and facilitation of customs formalities in order to the unhindered and accelerated movement of goods to Russia and Azerbaijan.

Currently, seven Russian authorized economic operators work on a permanent basis with approximately 100 Azerbaijani companies. This means that at least 20% of Azerbaijan's products supplied to Russia can be processed through the Green Corridor being created.

"The early launch of the Green Corridor project, along with the simultaneous completion of work on the reconstruction and expansion of the automobile checkpoints Khanoba (Azerbaijan) and Yarag-Kazmalyar (Russia), an increase in the supply of products using Agroexpress, will ensure a positive trend in Russia's foreign trade turnover and Azerbaijan," added Mirsayapov.