AZERBAIJAN INTERNATIONAL TRADE FAIR

As early as over two thousand years ago, the people of the two countries maintained trade and cultural exchanges through the ancient Silk Road. “Jenali said that Azerbaijan and China have rich and diverse cultures and a long history, which is fully reflected in many historical ancient cities, modern multicultural landscapes, and the warm hospitality tradition that has been inherited from the ancient Silk Road period.

 

Having a rich cultural heritage is one of the commonalities between us and China, which has played an important role in establishing lasting connections between the two peoples. “Jenali said that as early as the 12th century, the famous Azerbaijani poet and thinker Nizami Ganjavi depicted the image of a beautiful and intelligent Chinese woman in his long poem” Seven Beauties “, proving the long-standing cultural bond between the two peoples. After more than two thousand years, a new bond has emerged between Azerbaijan and China

 

As an important cooperative partner of China in Eurasia, Azerbaijan is also one of the first countries to respond to and actively participate in the joint construction of the “the Belt and Road”.

 

In recent years, in order to connect with the “the Belt and Road” initiative, Azerbaijan has launched many large-scale infrastructure projects, including Baku International Maritime Trade Port, Baku Tbilisi Kars Transnational Railway and Aliyat free economic zone. With the smooth progress of the China Arab joint construction of the “the Belt and Road”, the circulation of goods between the two sides has become more smooth.

 

According to the news released by the Chinese Embassy in Azerbaijan, cross-border transportation is becoming a new growth point and highlight of cooperation between the two countries. In the first half of this year, the number of China Europe trains passing through Azerbaijan exceeded 70, a year-on-year increase of 50%, and multiple new routes from cities such as Xi’an, Chongqing, and Chengdu were added, with a total of over 10 routes. It is expected that the annual traffic volume will achieve significant growth and reach a new high.

According to Azerbaijan Customs statistics, Azerbaijan’s imports amounted to US$7.905 billion in 2018, an increase of 27.95% year-on-year. China is Azerbaijan’s fifth largest trading partner and the third largest source of imports. Gross domestic product: 79.973 billion manat (about 46.9 billion US dollars), per capita GDP: 8126.2 manat (about 4780.1 US dollars).
In 1818, 118,000 new jobs were created. The average monthly salary of workers nationwide is 544.1 manat (about $320). As of 2019, the population of Azerbaijan has grown year by year, reaching 103.127 million. In the first half of 2019 alone, the population was more than 122,000. The population growth and rejuvenation have injected more vitality into the local market!
Azerbaijan’s machine manufacturing and light industries are relatively backward. Most consumer goods are imported. In recent years, the government has strengthened macroeconomic regulation and control, while focusing on the development of the petroleum industry, while emphasizing the development of various economies, actively introducing foreign capital, promoting the development of small and medium-sized enterprises, and the macroeconomic situation tends to improve.
Azerbaijan, located at the junction of Eurasia, has a stable political situation and relies on energy for its economic development. The Afghan government pays attention to economic restructuring and emphasizes the development of the non-oil and gas economy in the economy. Azerbaijan is an important partner country along the “Belt and Road”. The “Belt and Road Initiative” will promote China-Arab cooperation in transportation facilities, trade, agriculture and tourism, and help China expand its influence and expand strategic security space in Central Asia. Azerbaijan’s market, business environment, backward infrastructure in non-oil and gas fields, and the security situation in the Transcaucasian region and the game of big countries in the region will all become challenges for China-Arab cooperation in the future.