Baku hosts Azerbaijani-Turkish business forum

Azerbaijani-Turkish business forum has today kicked off in Baku with the support of the Economic Development Ministry and AZPROMO.

Deputy Economic Development Minister Sevinj Hasanova said Azerbaijan and Turkey had more than 30 economic agreements. She stressed the importance of the Baku-Tbilisi-Ceyhan, Baku-Tbilisi-Erzurum and Baku-Tbilisi-Kars projects, and noted that these projects would ensure energy security in the region.

Hasanova also said that the trade turnover between the two countries exceeded $ 1.4 billion, imports amounted to $990 million, exports - $400 million within 10 months this year,. Compared to the same period last year, trade turnover grew by 85%, imports - by 64%, export - by 2.7 times.

Today, about 1,000 Turkish companies and 5 banks with Turkish capital operate in Azerbaijan and  850 Azerbaijani companies operate in Turkey. Over the past 10 years, Turkey has invested $ 2 billion in the Azerbaijani economy and Azerbaijan invested $ 4.5bln in the Turkish economy.


/APA/