By Azernews

By Amina Nazarli

Azerbaijani entrepreneurs are invited to the 5th China–Eurasia Expo that will take place in Urumqi, China on September 20-25, Azerbaijan Export and Investment Promotion Foundation (AZPROMO) reported.  

The sections of the exhibition will include Investment & Cooperation, Textiles and Garments, Agricultural Products and Food, Grape Wines, Smart Life, Logistics & Informatization, Building Materials, Jewelry, Machinery & Equipment, Engineering Machinery & Vehicles, Agricultural Machinery & Equipment, Auto Life.

China-Eurasia Expo has been hosted successfully for four sessions and achieved substantial results as a platform for China‘s summit diplomacy and economic and trade exchanges with its neighboring countries.

During the previous four editions of exposition, the sponsors and organizers organized diverse and inclusive special forums and economic and trade promotion activities which covered a wide range of fields such as agriculture, finance, food security, news, technology and communications. 

The 5th China-Eurasia Expo whose theme is "Joint Discussion, Co-building and Sharing, the Silk Road: Opportunities and the Future" will stick closely to its orientation of being an important platform for summit diplomacy between China and Eurasia countries and for building the Silk Road Economic Belt, a significant channel for promoting cooperation between Xinjiang (Urumqi) and surrounding countries or regions.

China is a huge opportunity and a priority market for Azerbaijan. More than 50 agreements were signed between the two countries so far. AZPROMO this year opened a representative office in China to support and encourage relations between the two countries’ businessmen, as well as expand Azerbaijani goods export to the Chinese market and attract China's leading investment funds to the Azerbaijan economy.

The trade turnover with China reached $565.1 million last year, while its unit weight in the total trade turnover of Azerbaijan amounted to 2.74 percent, according to the Azerbaijani State Customs Committee.

China joined the top 10 of largest trading partners of Azerbaijan for the first time in 2015. To date, the volume of Chinese investment projects in Azerbaijan, which started realizing since 2002, has already reached $300 million.

Alternative energy sources, as well as tourism and agriculture are the main areas of cooperation between China and Azerbaijan. The sides have repeatedly discussed potential for development of cooperation in such areas as cotton growing and livestock.