Azerbaijan Doubles Non-Oil Exports in Last Six Years, Says Deputy Minister

"Azerbaijan's non-oil exports have doubled over the past six years," stated Deputy Economy Minister Samad Bashirli during his address at the 1st Azerbaijan International Investment Forum in Baku.

The Deputy Minister noted that oil and gas still account for a large share of GDP and exports, The Caspian Post reports citing AZERTAC.

“In addition, non-oil exports have nearly doubled over the past six years. More than 170 enterprises are operating in industrial zones, with over $4 billion invested and more than 10,000 jobs created. Previously, our non-oil exports consisted primarily of agricultural products. Now, the share of processed agricultural and industrial products has significantly increased. Innovation and technology are essential for building a competitive industry,” Bashirli emphasized.