BAKU, Azerbaijan, December 21. The twelfth
meeting of the Turkish-Azerbaijani Joint Intergovernmental
Commission (JIC), focusing on economic and trade cooperation, will
be held in Baku on December 22-23, 2025, Trend reports.
The meeting will be co-chaired by Turkish Vice President Cevdet
Yilmaz and Azerbaijani Prime Minister Ali Asadov. Discussions will
focus on achieving the $15 billion trade target set by the
presidents of both countries, as well as on trade facilitation
measures.
The program includes the 2nd Türkiye-Azerbaijan Investment
Forum, designed to strengthen economic ties and explore joint
investment opportunities. Key attendees will include Vice President
Cevdet Yilmaz, Trade Minister Ömer Bolat, Prime Minister Ali
Asadov, and Economy Minister Mikayil Jabbarov. A business meeting
under the auspices of MUSIAD is also planned.
During his visit, Vice President Yilmaz will hold talks with
Azerbaijani Parliament Speaker Sahiba Gafarova.
Türkiye remains one of Azerbaijan’s principal trading partners.
In 2024, Türkiye’s exports to Azerbaijan reached $3.1 billion,
while imports totaled $4.8 billion. Turkish investment in
Azerbaijan is estimated at $18 billion, and Azerbaijani investment
in Türkiye at around $21 billion. Approximately 7,000
Azerbaijani-Turkish joint companies operate in Azerbaijan, while
around 3,100 operate in Türkiye. Turkish construction firms have
completed 558 projects in Azerbaijan, totaling $21.1 billion.
The protocol and action plan to be signed at the 12th JIC
meeting will outline a roadmap for cooperation in trade, energy,
transport, healthcare, education, and culture. The investment forum
is expected to further strengthen business interactions and advance
regional economic cooperation.
