Azerbaijan-China trade expected to reach record high by year-end

Azerbaijan and China aim to bring their bilateral trade volume to a record level by the end of this year, Chinese Ambassador to Azerbaijan Lu Mei said, Report informs.

Speaking at a briefing today, the ambassador highlighted the impressive growth in trade between the two countries.

"The Chinese and Azerbaijani economies complement each other and have great potential for industrial and investment cooperation. In June, China and Azerbaijan concluded market access negotiations, which will significantly support Azerbaijan's accession to the WTO," she said.

According to Azerbaijan's official statistics, bilateral trade between the two countries totaled $2.45 billion in the first seven months of this year, marking an increase of 26% year-on-year.

Lu Mei added that China is currently Azerbaijan"s fourth-largest trading partner and the top importer of goods into the country.