Azerbaijan will open its wine house in Shanghai before the end of this year. President of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Rufat Mammadov told reporters that technical issues remain to be solved. “On May 16, negotiations continued with the Shanghai Free Trade Zone, where the opening of the wine house is expected,” he said. “Many things don’t depend on us. Procedures and legislative process are of great importance there.”

Azerbaijani entrepreneurs have been exporting vodka to China since this year. Deliveries were established on the basis of agreements reached within the framework of three expert missions organized by AZPROMO in the past. This year, along with expert missions, Azerbaijani companies will also participate in exhibitions in China.

China is a huge opportunity and a priority market for Azerbaijan. More than 50 agreements were signed between the two countries so far. Trade and economic contacts occupy a significant place in bilateral relations between China and Azerbaijan. The process of interaction between the two countries was marked by constant tendencies of expansion and strengthening of cooperation.

Today, China takes the 4th place in the overall trade turnover of Azerbaijan, and 3rd place - in exports and imports.

Trade between China and Azerbaijan in 2017 increased by 43 percent to $1.2 billion. The export of Azerbaijani products to China increased by 2.1 times.

Aliqismet BADALOV,

“Khalq qazeti”