BAKU, Azerbaijan, December 23. Azerbaijan and
Türkiye aim to achieve $15 billion trade target set by Presidents
Ilham Aliyev and Recep Tayyip Erdoğan, Turkish Vice President
Cevdet Yilmaz said at the 2nd Azerbaijan-Türkiye Investment Forum
being held in Baku, Trend reports.
"When we look at our bilateral trade turnover, we see that last
year our trade with Azerbaijan reached $8 billion. This is a very
significant indicator," the official pointed out.
He noted that there is a possibility of a certain decrease this
year, which is mainly due to changes in oil prices and other
temporary factors.
"However, we believe that this decline will be temporary. Our
goal is to reach the $15 billion trade target set by our president.
We sincerely believe that we will achieve this together with our
business community.
The results achieved in the field of investments are
satisfactory. Today, direct investments from Türkiye to Azerbaijan
have approached $18 billion, and investments from Azerbaijan to
Türkiye have approached $21 billion. In total, an investment volume
of $39 billion has been formed, which is very significant.
We want this volume to increase further. Such forums serve
precisely this purpose. Because there is a direct connection
between investments and trade. The rise in mutual investments will
make our trade relations more solid and stable.
Taking this opportunity, we invite Turkish investors to
Azerbaijan, and Azerbaijani investors to Türkiye. We recommend
implementing joint projects not only in mutual, but also in third
countries," the vice president emphasized.
