ECONOMY


Arkhangelsk region, Azerbaijan to sign cooperation agreement

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Baku, November 4, AZERTAC

Arkhangelsk region of the Russian Federation and Azerbaijan will sign a cooperation agreement. This was agreed by Azerbaijani Economy Minister Shahin Mustafayev and Governor of Arkhangelsk region Igor Orlov as they met on the sidelines of the 7th Azerbaijan-Russia interregional forum in Baku. The agreement will embrace trade, economic, scientific, technical and cultural cooperation between the governments of Arkhangelsk region and Azerbaijan.

Orlov pointed to most promising spheres of mutually profitable cooperation between Azerbaijan and Arkhangelsk region.

Mustafayev said Azerbaijan maintains commercial and economic ties with 78 regions of Russia. “Trade is one of the most important areas of cooperation between Azerbaijan and Russia.”

“Our countries enjoy a free trade regime, which definitely paves the way for mutually fruitful cooperation between entrepreneurs. There are around 600 Russian companies in Azerbaijan,” added Mustafayev.

Shipbuilding, hydrocarbon production, agriculture and tourism are, in Orlov’s opinion, promising areas for mutually profitable partnership.

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