BAKU, Azerbaijan, December 23. The opening of
the Zangezur corridor will significantly boost trade between
Azerbaijan and Türkiye, Omer Bolat, Turkish minister of trade, told
Trend on the
sidelines of the Azerbaijan-Türkiye Investment Forum.
The minister pointed out that several key economic measures have
been rolled out to meet the strategic goals established between the
two countries.
"Within this framework, certain measures have been taken; more
than 110 specific measures have been identified, and a detailed
action plan has been prepared. Thanks to these measures, we will
successfully achieve the set goals, the $15 billion trade
target.
At the same time, the Türkiye-Azerbaijan Preferential Trade
Agreement (TTA) is being actively implemented, which makes a
significant contribution to increasing bilateral trade. In order to
promote investments, we successfully organized the second
Azerbaijan-Türkiye Investment Forum.
The most important thing is that with the opening of the
Zangezur corridor, our trade will increase rapidly. This corridor
will not only increase the turnover of goods and services but will
also expand the opportunities for economic cooperation in the
region. We believe that economic relations between the two
countries will reach the highest level in our history," the
minister emphasized.
Today, the 2nd Azerbaijan–Türkiye Investment Forum has commenced
in Baku with the support of Azerbaijan’s Ministry of Economy and
Türkiye’s Ministry of Trade and is co-organized by the Export and
Investment Promotion Agency (AZPROMO) and the Turkish-Azerbaijani
Businessmen and Industrialists Public Union (TÜIB). Over 500
delegates from both countries—high-ranking politicians, government
officials, businesses, and community members—attend the event.
The forum is crucial to Azerbaijan-Turkey economic integration,
corporate interaction, and investment potential.
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