Ukraine, Azerbaijan to seek bilateral trade growth

13:33, 14.07.2016 1 min read

Ukrainian President Petro Poroshenko and his Azerbaijani counterpart Ilham Aliyev have called for development of bilateral trade at a meeting in Baku.

"We have given very serious instructions and I have no doubt that their fulfillment will bring our countries closer together and their trade turnover will increase. The current level of trade turnover does not satisfy either Azerbaijan or Ukraine," Azerbaijani President Ilham Aliyev said after negotiations with his Ukrainian colleague.

Instructions regarding joint investment projects were also given at the negotiations, he said.

"We ordered that the investment potential of both countries be reviewed due to the mutual interest in this matter," Aliyev said.

The State Oil Company of the Azerbaijani Republic (SOCAR) is doing business in Ukraine and has invested over $200 million in more than 60 filling stations in Ukraine, the Azerbaijani president said.