China’s investment projects to Azerbaijan reached 300 mln USD

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The FINANCIAL — In 2015, China joined the TOP-10 of largest trading partners of Azerbaijan for the first time, declared the Advisor to the Embassy of China in Azerbaijan, Yu Chunchi.

He reminded that to date, the volume of Chinese investment projects in Azerbaijan, which started realizing since 2002, has already reached 300 mln USD, according to APK-Inform.

Yu.Chunchi said China supports all efforts of Azerbaijan in development of the non-petroleum sector. Also, he considered that it is reasonable to develop agriculture in Azerbaijan, and observed the prospects of cooperation between two countries in the sphere of livestock goods production and cotton growing.

However, the official estimated the major interests of China in cooperation with Azerbaijan in the sphere of energy industry, especially alternative sources, tourism and agriculture.

According to him, the New Silk Road is the way of mutual cooperation, it creates additional opportunities for cooperation between the reporting countries. As for the prospects of the Trans-Caspian transport corridor, China welcomes such transportation of goods across Azerbaijan.


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