BAKU, Azerbaijan, December 18. Azerbaijan's
Minister of Economy Mikayil Jabbarov and his Omani counterpart Said
bin Mohammed bin Ahmed Al Saqri discussed strengthening economic
cooperation, the Minister's publication on X page said, Trend reports.
"During the meeting, we reviewed opportunities to further
strengthen bilateral economic relations. We underscored the
importance of enhancing the legal and contractual framework to
promote joint activities, discussed prospects for establishing the
Azerbaijan–Oman Joint Business Council, and explored avenues to
expand collaboration in trade, renewable and traditional energy,
investment, tourism, and other areas," the publication
explained.
From January through November of this year, Azerbaijan's total
trade volume with foreign countries reached $44.59 billion,
reflecting an increase of $1.48 billion or 3.4% compared to the
same period in the previous year.
Of this total foreign trade turnover, $23.4 billion was
attributed to exports, while imports amounted to $21.19 billion.
Notably, exports experienced a decline of $937 million (a 3.8%
decrease), whereas imports saw a notable rise of $2.416 billion (a
12.9% increase).
Consequently, Azerbaijan's foreign trade balance yielded a
positive surplus of $2.2 billion, though this figure represents a
decline of $3.35 billion, or 2.5 times lower than the surplus
recorded in the previous year.
Stay up-to-date with more news on Trend News
Agency's WhatsApp channel
