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Turkey, Azerbaijan aim to increase trade volume up to $15 billion

Currently, the trade turnover amounts to about $4 billion, and the goal is to bring this figure to $15 billion, Safar concluded

14:12 - 12/10/2021 Tuesday
Update: 14:13 - 12/10/2021 Tuesday
Trend
File photo
File photo

Speaking at the Azerbaijani-Turkish business forum in Baku on trade relations between Turkey and Azerbaijan, Safar emphasized the need to increase trade between the two countries.

"Relations between Turkey and Azerbaijan have always been good, and after the liberation of the Azerbaijani lands, which had been under occupation for 30 years, the relations between our countries have shifted to a different plane," he said.

An Azerbaijani-Turkish business forum was held in Baku with the organization of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and the Turkish Exporters Assembly (TIM).

The forum was attended by representatives of more than 20 companies, officials and about 80 entrepreneurs from both the Azerbaijani and Turkish sides.

“At present, Russia is the biggest exporter to Azerbaijan, followed by Turkey, but we aim to be in the first place. Azerbaijan occupies a favorable geographical position for cargo transportation in the Caspian Sea. The Alat port is being modernized, which is very important for exporting to Turkmenistan, Kazakhstan and Uzbekistan,” Safar continued.

Safar also noted that the opening of the Zangezur corridor is on the agenda.

“As a result of the implementation of the Zangezur project, which will connect the main part of Azerbaijan with Nakhchivan and Turkey, we will witness serious progress in the transport and trade spheres. Currently, our trade turnover amounts to about $4 billion, and the goal is to bring this figure to $15 billion,” Safar concluded.


#Turkey
#Azerbaijan
#Trade
3 years ago