On March 2, another meeting of the Russia-Azerbaijan Intergovernmental Commission on Economic cooperation was held in Baku, as part of Russian governmental delegation’s visit to Azerbaijan.

The meeting, co-chaired by Shahin Mustafayev, Deputy Prime Minister of Azerbaijan, and Alexei Overchuk, Deputy Prime Minister of Russia, focused on the topical issues of mutual interaction between the two countries. The meeting placed special emphasis on boosting bilateral cooperation across trade, economic, industrial, energy, transport, logistic, and agrarian domains.

The officials praised the continuous growth of mutual trade turnover. They highlighted broad opportunities for implementing joint medium- and long-term investment projects.

The discussions covered measures to further increase the volume of cargo transportation between Russia and Azerbaijan via road, rail, and sea. The meeting underscored the efficient operation of checkpoints on the Russian-Azerbaijani state border and the feasibility of their future modernization.

The Deputy PMs also reviewed the development of the North-South International Transport Corridor, increasing its transport and capacity and improving logistics infrastructure.

The parties agreed to hold the next meeting of the Intergovernmental Commission this April.