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Inter-Governmental Commission on Trade

The first meeting of the India-Azerbaijan Inter-Governmental Commission on Trade, Economic, Scientific and Technological Cooperation, is scheduled to be held here on 26th November. Shri Jyotiraditya M. Scindia, Minister of State for Commerce and Industry, will be the co-Chairman from the Indian side and Mr. Husseyngulu Baghirov, Minister of Ecology and Natural Resources, will be the co-Chairman from the Azerbaijan side.

During the deliberations, following areas of cooperation are proposed to be discussed viz., development opportunities for mutual trade, industrial, economic, scientific and technological cooperation; cooperation in the fields of transport, energy, communications & information technology, agriculture, tourism, environmental protection, health and customs affairs.

Bilateral trade between India and Azerbaijan during the year 2008-09 was US $ 222.27 million. Major commodities of exports are drugs & pharmaceuticals, machinery & instruments, gems & jewellery, RMG cotton and wool etc. while major commodities of imports are petroleum crude & products, organic and inorganic chemicals, non-ferrous metals etc.


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