BAKU, Azerbaijan, September 16. China, in partnership with Azerbaijan, is prepared to explore novel mechanisms and initiatives aimed at broadening the scope of bilateral trade, streamlining trade procedures, and promoting trade liberalization, Ambassador of the People's Republic of China to Azerbaijan Guo Min said in an exclusive interview with Trend.
"Bilateral trade represents a pivotal aspect of practical cooperation between China and Azerbaijan, demonstrating consistent and positive growth in recent years. According to Azerbaijani statistics, the period from January to July 2023 witnessed bilateral trade with China reaching $1.62 billion, marking a notable increase of 41.1 percent compared to the corresponding period in the previous year.
China continues to hold its position as Azerbaijan's fourth-largest trading partner and stands as the second-largest source of imports. Presently, China primarily exports high-tech products to Azerbaijan, including machinery, electronic equipment, and automobiles, accounting for more than 50 percent of the total exports. These exports have played a constructive role in advancing Azerbaijan's economic and social development, ultimately enhancing the living standards of its citizens.
Furthermore, China actively encourages Azerbaijan to leverage platforms like the China International Import Expo and the China Trade in Services Expo to showcase its high-quality and specialized products. China also extends support to Azerbaijan in establishing national pavilions in China for brand promotion and product sales. Notably, Azerbaijani products such as wine, pomegranate juice, and black tea have been gaining popularity in the Chinese market.
Both countries maintain close communication regarding the access of other types of products to the Chinese market,” said the ambassador.
Guo Min emphasized that China remains committed to offering essential support in advancing the "Made in Azerbaijan" brand.
"In collaboration with our Azerbaijani counterparts, we are prepared to explore innovative approaches and initiatives aimed at expanding the scope of bilateral trade, facilitating trade liberalization, and simplifying trade procedures. As the world's largest consumer market, China extends invitations to Azerbaijani companies to introduce an even wider range of Azerbaijani products to Chinese consumers through avenues such as exhibitions and cross-border e-commerce, among others,” she added.
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