Baku, Azerbaijan, July 15
By Seba Aghayeva – Trend:
Relations between Turkey and Azerbaijan are priority in all areas, said Turkey’s Foreign Minister Mevlut Cavusoglu in Baku July 15.
Cavusoglu made the remarks during a joint press conference with his Azerbaijani counterpart Elmar Mammadyarov.
“Many projects in the region have turned Azerbaijan into a hub,” he said. “The two countries have become transit centers and we will continue this cooperation.”
Turkey’s foreign minister said it is planned to create a new format of trilateral cooperation, which is to include Azerbaijan, Turkey and Kazakhstan.
“There is a preliminary agreement on creating such a format of cooperation,” he added.
Turkey is one of the main economic and trade partners of Azerbaijan. Currently, the Azerbaijani investments in Turkey exceed $6 billion.
More than 2,600 Turkish companies operate in Azerbaijan, and there are nearly 1,600 Azerbaijani companies in Turkey.
Trade turnover between Azerbaijan and Turkey stood at $534.9 million in January-May 2016, and $414.1 million out of this accounted for the import of Turkish products, according to Azerbaijan’s State Customs Committee.
Turkey ranks third among Azerbaijan’s trade partners.
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