China allocates $4.5 mln to Azerbaijan

Baku: People’s Republic of China has allocated ntext grant to Azerbaijan in amount of $4.5 mln (30 mln Chinese yuan).

The agreement has been signed by Chinese Ambassador to Azerbaijan Hun Tsui and Azerbaijani Deputy Prime Minister Abid Sharifov.

Making a speech at the signing ceremony, Sharifov said that the economic and political relations between two countries are developing successfully.

He also added that the countries have signed 10 agreements on technical and economic cooperation with total worth of $41 mln: “A number of projects have been implemented by these funds”.

In turn, H. Tsui noted that Azerbaijan is rapidly developing and economic-commercial relations between two countries extended recent years.