2023: China-Azerbaijan trade turnover increases 43.5% to $3.1bn, transit shipments rise 31% to 178,000 tons.
China-Azerbaijan economic ties soar to new heights, reports China's Chargé d'Affaires in Azerbaijan Ding Tao. Trade turnover between the two countries increased by 43.5% to reach $3.1 billion in 2023, with the value of transit shipments between Azerbaijan and China increasing by 31% to 178,000 tons. China's Alat Free Economic Zone (AFEZ) is a strategic location for manufacturing products for Europe, allowing for cost-saving benefits and opportunities. Chinese companies continue to invest in various sectors across Azerbaijan, with $930.8 million invested in direct investments since 1995.
July 08, 2024
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