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Azarov: Trade between Ukraine and Azerbaijan could grow by 2-3 times

April 04, 2012

Ukrainian Prime Minister Mykola Azarov, who is on an official visit to Baku, Azerbaijan, has said he is confident that the trade turnover between Ukraine and Azerbaijan could grow by two or three times.

He announced this at a meeting with Prime Minister of Azerbaijan Artur Rasizade, according to the media liaisons department of the secretariat of the Cabinet of Ministers of Ukraine.

"As a result of growth in trade turnover, which is seen between our countries, we are reaching a figure of 1.4 billion dollars. Of course, this is a good figure. I think that we could increase its volume by at least two or three times if we make all efforts needed to implement joint projects," Azarov said.

According to the Ukrainian prime minister, one of such projects is a transport corridor linking the Black and Baltic Seas.

Azarov proposed that Azerbaijan join the work of the Black Sea-Baltic Sea transport corridor under the Viking project.

"We are inviting Azerbaijan to participate in the work of this corridor. On the one hand, this will give us the opportunity to extend this corridor to Central Asia, and on the other hand, this will help you enter the markets in the Baltic States, Belarus and other European countries," the Ukrainian premier said.

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