Trade turnover between Azerbaijan and Mexico may reach $25 million in 2018, Mexican Ambassador to Azerbaijan Juan Rodrigo Labardini Flores said at an event dedicated to the Independence Day of Mexico, azernews reported.
According to him, in the period from 1992 to 2014, the annual trade turnover between the two countries averaged only $1.2 million, but over the past three years, this figure has increased eight times and reached $9.6 million.
The ambassador also mentioned that friendly relations between Azerbaijan and Mexico are expanding more and more.
Ambassador-at-large of the Azerbaijani Foreign Ministry Gunduz Jafarov, in turn, noted that relations between Azerbaijan and Mexico in political, economic, cultural, humanitarian and many other spheres are developing rapidly.
“Mutual visits are carried out between the countries. Inter-parliamentary relations are also an important area of cooperation. The countries have signed many documents that will further expand the relations,” Jafarov noted.
He further said that Azerbaijan highly appreciates the adoption of documents in the Senate of Mexico in 2011 condemning the occupation of Azerbaijani territories by Armenia and the Khojaly genocide.
Azerbaijan opened an embassy in Mexico City in 2007 and Mexico followed suit by opening an embassy in Baku in 2014. Since then, the volume of bilateral trade between the countries has increased several times.
Data of the State Customs Committee of Azerbaijan says that the trade turnover between the countries amounted to $19.3 million in 2017. Meanwhile, it made $16.9 million in the first eight months of this year.
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