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Japan invests nearly $5 billion in Azerbaijan’s economy

Staff writer |
Japanese companies have so far invested $4.8 billion in Azerbaijan's economy, says Azerbaijan's Deputy Economy Minister Sahil Babayev.

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He made the remarks at a meeting with a delegation of Japan's Okinawa Prefecture, led by the Chairman of Okinawa Prefectural Assembly Masaharu Kina.

Trade turnover between the two countries increased more than twofold throughout 2015 and stood at $558.1 million, said Babayev.

He said Azerbaijan, as a country that prioritizes non-oil sector in the economic development, has great opportunities for development of relations with Japan's Okinawa Prefecture, which specializes in agriculture, industry and tourism.

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