BAKU, Azerbaijan, December 22. Minister of
Economy of Azerbaijan Mikayil Jabbarov and U.S. Assistant Secretary
of State for Economic, Energy, and Business Affairs Caleb Orr
discussed the development of economic and energy cooperation, the
Minister's publication on X said, Trend reports.
"During the videoconference with Caleb Orr, Assistant Secretary
of State for Economic, Energy, and Business Affairs of the United
States, we discussed key aspects of the Azerbaijan–U.S. economic
partnership and underscored the strategic importance of cooperation
in the energy and business sectors.
We exchanged views on energy projects implemented in the South
Caucasus and the Caspian region, gas transportation initiatives,
and opportunities to further diversify joint activities in this
field," the publication reads.
The volume of trade between Azerbaijan and the U.S. from January
through November of this year amounted to $1.3 billion.
Azerbaijan carried out trade operations with foreign countries
worth $44.5 billion from January through November of this year.
This is $1.48 billion, or 3.4%, more than the same period last
year.
Of the total foreign trade turnover, $23.4 billion is accounted
for by exports and $21.1 billion by imports. Over the past year,
exports decreased by $937 million, or 3.8%, while imports increased
by $2.416 billion, or 12.9%. This resulted in a positive foreign
trade balance of $2.2 billion, which is $3.3 billion, or 2.5 times
less than the annual figure.
