Azerbaijan-China Commission holds next meeting

The 5th meeting of the Azerbaijan-China Intergovernmental Commission on trade and economic cooperation was held on November 26.

The meeting was co-chaired by Vice-Premier Abid Sharifov from Azerbaijan and Vice Minister of Commerce, co-chair of Azerbaijan-China intergovernmental trade-economic cooperation commission Zhong Shan from China.

The meeting focused on the existing economic relations and cooperation perspectives between the two countries in commerce-economic sphere, including transport, energy and agriculture.

After signing the protocol, the sides had comprehensive exchange of views on further development of bilateral relations.

Relations between Azerbaijan and China have indeed a long history. Azerbaijan, due to its advantageous geographical situation, was a natural crossing point on the way from East to West and North to South and was one of the main trade, transport and cultural centers on the Great Silk Road.

China recognized the independence of Azerbaijan in 1991. The diplomatic relations between the two countries were established a year later. The Embassy of China to Azerbaijan was opened in 1992, while Azerbaijan’s Embassy to China was opened in 1993. The two countries permanently support each other on international organizations.

China is a huge opportunity and a priority market for Azerbaijan. More than 50 agreements were signed between the two countries.

The trade turnover between China and Azerbaijan amounted to $288.4 million in the first six months of 2015, some $259.3 million of which were accounted for Azerbaijan’s import operations.

SOURCE: AZER NEWS

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