Azerbaijan, Russia discuss enhanced economic, transport cooperation at KazanForum 2024
    PHOTO

    ECONOMICS  19 May 2024 - 12:51

    A round table "Russia-Azerbaijan: Industrial and Investment Cooperation as a Basis for Economic Development" has been held within the framework of the international economic forum KazanForum 2024 in Kazan, the capital of the Republic of Tatarstan. 

    Additionally, meetings dedicated to the discussion of opportunities for cooperation between Azerbaijan and the regions of the Russian Federation were held, Report informs.

    Speaking at the event, Azerbaijani Deputy Economy Minister Sahib Alakbarov noted that economic relations between the two countries are developing on an upward trend and talked about the prospects for strengthening bilateral cooperation.

    Alakbarov noted noted that partnership relations between business circles are also expanding amidst strengthening economic ties with Russia. Realisation of the existing potential of economic cooperation will further increase the volume of trade turnover.

    Deputy Minister of Digital Development and Transport of Azerbaijan Javid Gurbanov touched upon the importance of the international transport corridor "North-South" and drew attention to the work done by the Azerbaijani side within the framework of the project. It was noted that once launched at full capacity, this corridor will provide access of Russia, countries of Europe, Central Asia and the Caucasus region to the Persian Gulf and India, as well as intensify trade relations of the Caspian countries with the Black Sea ports.

    During the forum, Deputy Minister of Economy Sahib Alakbarov held bilateral meetings with Governor of Rostov Region Vasily Golubev, Governor of Ulyanovsk Region Alexey Russkikh and President of the Republic of Mordovia Artyom Zdunov.

    Prospects of cooperation between Azerbaijan and Russian regions were discussed during the meetings, and opinions were exchanged on issues of mutual interest.


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