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Azerbaijan may supply chemical products to Germany

Azerbaijan may supply chemical products to Germany
Azerbaijan is holding talks with Germany regarding the export of chemical products, Azerbaijani Deputy Minister of Economy Rufat Mammadov told reporters in Baku on Jan. 31. Mammadov made the remarks on the sidelines of the 8th meeting of the Azerbaijan-Germany high-level working group being held in Baku, Trend reports. "We are currently negotiating the issues regarding the supply of hazelnuts, pomegranates, juices, wine, canned products to Germany,” he said. "Germany is also interested in the import of chemical products from Azerbaijan." "Various projects are being implemented in Azerbaijan to expand the export of non-oil goods,” Mammadov said. "Certain steps are being taken to increase exports to Germany,” he added. "We participated in various food exhibitions in Germany in 2018," Mammadov said, adding that Europe, including Germany, is interested in the import of Azerbaijani products. Mammadov stressed that there is a great potential between Azerbaijan and Germany for expanding cooperation in all spheres. "The main purpose of today's meeting is to discuss the current trade and economic relations between Azerbaijan and Germany and concrete steps to strengthen these relations," he said. He said that the issues of expanding cooperation in such fields as energy, agriculture, industry, ICT, transport, tourism and others are being discussed. "The trade turnover between the countries increased by 61 percent and reached $1.4 billion in 2018,” Mammadov said. "German companies invested $570 million in the Azerbaijani economy, most of which was directed to the non-oil sector of the economy," Mammadov said, adding that 154 companies with German capital operate in Azerbaijan. Baku is hosting the 8th meeting of the Azerbaijan-Germany high-level working group. The participants are discussing the possibilities of expanding economic cooperation between countries, the work carried out after the 7th meeting of the working group, as well as the further tasks.

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