The Minister of Economy, noting the level of development of relations with China in the areas of transit transport, logistics, trade, investment, tourism, and humanitarian sphere, brought to attention the possibility of expanding economic cooperation between Azerbaijan and China.
He noted that the implementation of projects in the fields of metallurgy, agriculture, and petrochemistry, designed for joint implementation by the companies of Azerbaijan and China, will have an important place in the development of economic relations between the two countries.
The minister noted that in February 2018, within the framework of the visit of the Azerbaijani delegation to China, an international conference "The role of the Trans-Caspian international trade and transport route “East-West" in the implementation of the "One belt, one road" initiative”, as well as various meetings with Chinese officials were organized in Beijing.
It was noted that in 2017 the trade turnover between the two countries amounted to $1.3 billion. Currently, there is a trade representation of Azerbaijan in Beijing, and it is planned to open a Trade House of Azerbaijan in Shanghai and wine houses in Beijing and Shanghai. All this will contribute to the further expansion of trade relations, Mustafayev said.
Chairman of the Board of the Corporation Wang Yi informed about SINOSURE's activities and stressed that the corporation is interested in insurance of projects implemented in Azerbaijan. It was noted that the corporation cooperates with more than 250 banks in the world.
At the meeting it was also noted that SINOSURE Corporation is interested in expanding ties with the relevant structures of Azerbaijan, and the possibility of establishing ties in this area was discussed.