Azerbaijan and Russia have agreed on the establishment of a fair trade center in Moscow, ITAR-TASS reported.
The relevant agreement was signed following the 14th meeting of the bilateral intergovernmental commission in Baku. The document was signed by Russian Deputy Minister of Economic Development Alexei Likhachev and Azerbaijani Minister of Economy and Industry Shahin Mustafayev.
Moreover, Russian Deputy Prime Minister Dmitry Rogozin and Azerbaijani First Deputy Prime Minister Yaqub Eyyubov signed a protocol of the 14th session of the Intergovernmental Commission on Trade and Economic Cooperation.
Last time the commission held a meeting in the capital of Russia on March 18, 2011. The commission's activity was restored after a meeting of its co-chairmen - Rogozin and Eyyubov in Moscow August 20, 2014.
Russia is the main trade partner of Azerbaijan in the CIS. It also ranks first among the countries importing from Azerbaijan.
Currently, there are 570 companies with Russian capital in Azerbaijan. Russia has recently invested $628.4 million in Azerbaijan's fixed capital. But Azerbaijan's investments in the Russian economy for 10 years amounted to nearly $1 billion.
