Caspian Energy Journal Caspian European Club
Thursday, 18 April 2019 11:00

Azerbaijan is China’s number one trading partner in the South Caucasus, Ilham Aliyev

Azerbaijan is China’s number one trading partner in the South Caucasus, Ilham Aliyev

“Azerbaijan and China have active cooperation in economic area. Azerbaijan joined the Chinese initiative and became the co-founder of the Asian Infrastructure Investment Bank. A number of Chinese companies have successful activity in Azerbaijan and we would like to see more Chinese companies as investors, traders and contractors in our country”, President of the Republic of Azerbaijan Ilham Aliyev said in an interview with Xinhua News Agency, speaking about the current Sino-Azeri relations.

According to Ilham Aliyev, there’s a very good investment climate in Azerbaijan. “So, we hope to see more Chinese companies also in the areas of industrial production, information technologies, agriculture and many other areas”, Caspian Energy News ( reports with reference to Azerbaijan State News Agency, AZERTAC.

“There is a positive dynamic in the trade turnover between Azerbaijan and China. Our trade turnover has already reached $1.3 billion. Import from China has increased by 40%. Azerbaijan is China’s number one trading partner in the South Caucasus. Our country has a trade office in China and also has established Azerbaijan Trade Houses in Urumchi, Luzhou and Shanghai”, the head of state said.

In response to the question about a progress made by the two countries in “Belt and Road” cooperation in recent years, President Ilham Aliyev said: “Azerbaijan fully supports One Belt, One Road Initiative of China. Azerbaijan and China have very good prospects for cooperation in the area of transportation. We are investing in modernization of our railroads, last May inaugurated new international sea port on the Caspian Sea with the capacity of 15 million tonnes of cargo, if necessary capacity can be increased to 25 million. The construction of the Baku-Tbilisi-Kars railroad that connects Asia and Europe is the shortest transportation route to bring goods from China to Europe and vice versa. Nineteen trains have shipped cargo from China to Central Europe through the Baku-Tbilisi-Kars railroad in 2018”.

“By taking advantage of our geographical location and investing mainly in infrastructure and transportation sector Azerbaijan turned into one of the international transportation hubs. Our country is situated in the historic Silk Road. The creation of modern infrastructure is one of the main goals of Azerbaijan. We are largely investing in infrastructure to build roads, highways, airports. East-West and North-South transportation corridors cross our country and Azerbaijan is actively participating in both of these transportation corridors and has offered a number of initiatives in this regard”, the head of state added.

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Person in charge of the newsline: Olga Nagiyeva 



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