Baku: Yesterday, at the meeting of the Intergovernmental Commission with Russia, Azerbaijan’s Deputy Prime Minister Shahin Mustafayev announced the identification of short-term growth points in trade, economic, and investment areas. He emphasized the preparation of concrete proposals for promising directions during his speech at a meeting of the Azerbaijan-Russia Business Council.
According to Azeri-Press News Agency, Mustafayev highlighted the significant untapped potential in these areas and expressed expectations for concrete proposals to ensure growth. He pointed out the increasing role of the transport and logistics sector in Azerbaijan-Russia cooperation, alongside investment and industrial cooperation.
Efficient relations between Azerbaijan and Russia, along with reliable transit routes and modernization of border crossing and railway infrastructure, were identified as key factors in sustaining trade and economic relations. Mustafayev noted the importance of these elements in boosting mutual trade volumes, strengthening transit potential, and enhancing the competitiveness of the North-South corridor. He remarked on the corridor’s viability and competitive advantage, especially under the complex regional conditions.
Mustafayev also announced the signing of a document titled ‘Roadmap for creating conditions for the implementation of an electronic international consignment note for road transport in the Republic of Azerbaijan and the Russian Federation.’ During the meeting, concrete agreements in the transport and logistics sector were reached, with key objectives, implementation timelines, and tariff regulation parameters determined. Discussions included increasing cargo transportation volumes, and relevant instructions were issued for specific measures, with an expectation of practical results in the near future.