Indian ambassador to Azerbaijan: “Trade turnover between the two countries develops in favour of Azerbaijan”

Indian ambassador to Azerbaijan: “Trade turnover between the two countries develops in favour of Azerbaijan”
# 31 March 2011 09:13 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Trade turnover between Azerbaijan and India continues to develop, Indian ambassador to Azerbaijan Debnath Shaw told APA.

According to him, the trade turnover between two countries made $ 340 mln, in 2010, while it was $ 50 mln in 2005-2006.

Ambassador noted that, sometimes, trade turnover developed in favour of Azerbaijan: “The amount of goods exporting from India to Azerbaijan makes $ 30-50 mln, per year. At the same time, India intends to increase the export to Azerbaijan”.

He also noted that, India mainly imports from Azerbaijan crude oil.
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