Trade between Georgia and Azerbaijan is on the rise, but business leaders say the current figures fall short of what the two neighbours could achieve together.
According to Georgian data, bilateral trade turnover stands at $1.1 billion, while Azerbaijani estimates put the figure closer to $880 million. The gap highlights differing calculations -but also a wider issue of unrealised economic potential.
In an interview with AnewZ’s Orkhan Amashov, David Aptsiauri, General Director of the Chamber of Commerce and Industry of Georgia, said the headline numbers only tell part of the story.
“There is much more that might be done in the future,” Aptsiauri said, suggesting that trade alone does not fully reflect the depth of the relationship.
While commerce remains a central pillar, Aptsiauri noted that cooperation is expanding into newer areas. He pointed to the green economy, digital development and innovation as promising fields, alongside the well-established energy sector.
“Trade is a traditional sector… but there are many new fields of cooperation,” he said, adding that these areas are creating “new stories” in bilateral ties.
Despite global economic uncertainty, the overall trajectory remains positive. Both exports and imports are increasing, signalling resilience amid wider international challenges.
“The turnover is better this year… maybe not very impressive, but the dynamics are very good,” he said.
Energy cooperation continues to anchor the relationship, reinforced by joint involvement in regional and global projects. At the same time, bilateral engagement is steadily deepening.
Investment flows are also rising, indicating growing confidence between the two economies. While Aptsiauri did not go into detailed rankings, he emphasised the broader trend.
“The dynamics are definitely very positive,” he said.
As global political and economic conditions continue to shift, both countries appear to be looking beyond traditional trade - with a shared sense that their partnership still has significant room to grow.
As global diplomatic dynamics continue to evolve, the European Union is reassessing its ability to respond effectively to major international developm...
U.S. forces say they have completed strikes on Iranian military sites near the Strait of Hormuz. Iran responded with missile attacks on an American b...
Azerbaijan is considering new restrictions on children's use of social media, including a minimum registration age of 16 and fines for platforms that ...
The FIFA World Cup 2026 is set to be one of a kind when it kicks off on 11 June, as it brings with it a slew of firsts ahead of co-hosts Mexico takin...
Da Afghanistan Bank, the country's central bank, has discussed expanding banking and trade relations with the Afghanistan–U.S. Joint Chamber of Com...
As global diplomatic dynamics continue to evolve, the European Union is reassessing its ability to respond effectively to major international developments, prompting renewed debate over defence coordination, foreign policy decision-making and institutional reform.
U.S. forces say they have completed strikes on Iranian military sites near the Strait of Hormuz. Iran responded with missile attacks on an American base in Jordan, marking a sharp escalation in tensions between the two sides.
Da Afghanistan Bank, the country's central bank, has discussed expanding banking and trade relations with the Afghanistan–U.S. Joint Chamber of Commerce as the country seeks to strengthen financial services for traders and support private sector growth.
Tbilisi and Brussels have offered sharply different interpretations of a key meeting on Georgia's visa-free travel arrangements, highlighting the growing divide between the two sides.
Azerbaijan's Foreign Ministry says 19 citizens have been repatriated following a deadly drone attack on two cargo ships in the Sea of Azov on 5 June.
A Sudanese man has been arrested over a knife attack in Belfast that left a man seriously injured and prompted calls online for a protest after footage of the incident circulated widely on social media.
Iran and Israel said on Monday (8 June) they had halted attacks on each other following an appeal from U.S. President Donald Trump, as Axios reported that Trump had privately told Benjamin Netanyahu “be careful, or you will be on your own very soon”.
Ukraine's military said it struck a Russian "shadow fleet" tanker in the Black Sea as part of ongoing efforts to disrupt Moscow's energy and logistics networks. The move underscores Kyiv's focus on targeting maritime assets it says are used to bypass sanctions on Russian oil exports.
Armenia’s parliamentary election has strengthened Prime Minister Nikol Pashinyan’s mandate, with analysts linking the result to his post-Garabagh agenda and pro-Western direction. However, constitutional constraints remain a key obstacle to peace efforts with Azerbaijan.
Azerbaijan is considering new restrictions on children's use of social media, including a minimum registration age of 16 and fines for platforms that fail to protect young users. The proposals form part of a broader global trend towards tighter regulation of online platforms.
Da Afghanistan Bank, the country's central bank, has discussed expanding banking and trade relations with the Afghanistan–U.S. Joint Chamber of Commerce as the country seeks to strengthen financial services for traders and support private sector growth.
Tbilisi and Brussels have offered sharply different interpretations of a key meeting on Georgia's visa-free travel arrangements, highlighting the growing divide between the two sides.
The Pakistani city of Karachi is struggling under severe heat and humidity as the country enters a prolonged heatwave period. The Pakistan Meteorological Department (PMD) has warned of above-normal temperatures across much of the country between 7 and 12 June.
Türkiye’s president-designate for this autumn’s UN climate conference on Tuesday signed the COP31 host country agreement during a gathering in Bonn, Germany.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment