BAKU, Azerbaijan, December 23. The Zangezur
corridor holds strategic importance between Asia and Europe,
Turkish Deputy Minister of Trade Mustafa Tuzcu said at the 2nd
Azerbaijan-Türkiye Investment Forum held in Baku today, Trend reports.
"Our trade with the Organization of Turkic States and Asia can
exceed $100 billion in total in a very short time. Azerbaijan has a
unique path and position in this economic architecture," he
noted.
He also articulated the prospects of emergent avenues spanning
from the Caspian Sea to China.
"We can resolve difficulties and conjunctural structural
uncertainties experienced on the main transport routes in the
Middle Corridor, which runs through the Caspian Sea to China, only
with a secure transit from the nearby geography.
The Middle Corridor is not just a political choice but also
2,000 km more efficient than the northern corridor. At the same
time, it significantly reduces the time of transportation between
China and Europe. In this regard, it is of critical importance in
terms of both political and economic efficiency and productivity,"
the deputy minister explained.
Additionally, Tuzcu emphasized the criticality of optimizing the
operational efficacy of infrastructure networks like the
Baku-Tbilisi-Kars railway.
"Improving freight distribution requires work on both the Middle
Corridor and rail lines. Traveling by this route will make it
possible to reach Baku from the Caspian Sea and then on to Europe
via Türkiye.
Moreover, the Zangezur corridor also increases the effectiveness
of the Middle Corridor line not only with existing connections but
also with stronger and complementary features. The Zangezur
corridor, which is a natural and complementary extension of the
Middle Corridor, is of great importance for the entire region. This
corridor is of strategic importance not only between Azerbaijan and
Türkiye but also between Asia and Europe," the official added.
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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