Azerbaijan, China Pledge to Expand Trade Opportunities

China and Azerbaijan have pledged to expand joint export and investment opportunities in a memorandum signed between the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and China Council for the Promotion of International Trade (CCPIT) on Saturday, according to local Azertac News Agency. 
A memorandum of understanding which provides the expansion of joint export and investment opportunities between Azerbaijan and China, as well as exchanging experience in the export and foreign investment promotion of understanding, was signed in Baku by AZPROMO and CCPIT officials. 
More than 50 agreements in various fields have been signed between the two countries so far. The two states share a common interest in boosting the collaboration and partnership, as the rapid rise of China and Azerbaijan, and the growing integration between them, has a clear boost for regional projects. 
Trade turnover between the two countries amounted to 272.55 million manats in the first half of 2016, while the export of Azerbaijani goods to China accounted for 14.66 million manats, according to the State Customs Committee of Azerbaijan.