Baku, Azerbaijan, Feb. 17
By Orkhan Quluzade – Trend:
Turkey, Georgia and Azerbaijan must use potential and advantages for the expansion of economic integration, Faruk Ozlu, Turkish minister of science, industry and technology, said.
Ozlu made remarks at the fifth Turkey-Azerbaijan-Georgia business forum in Istanbul Feb. 17.
The minister added that Turkey, Georgia and Azerbaijan are located in the center of the world energy and transport corridor and are a ‘bridge’ between West and East due to the favorable geographical location.
Ozlu said that Ankara is ready to take any actions to strengthen trade and economic ties with Georgia and Azerbaijan.
According to the Azerbaijani State Customs Committee, the trade turnover between Azerbaijan and Turkey amounted to $2.3 billion, while the trade turnover between Azerbaijan and Georgia - nearly $395 million in 2016. As of 2016, Turkey became a major trade partner of Azerbaijan, while Georgia ranked 12th.
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