Baku, Azerbaijan, May 1
By Orkhan Quluzade – Trend:
It is time for the Turkish and Azerbaijani companies to jointly export goods to third countries, Ali Ihsan Genc, chairman of the Businessmen and Industrialists of Turkey and Azerbaijan (TUIB) public association, told Trend.
He added that Azerbaijani and Turkish investors can create joint companies abroad.
"Despite the global crisis, the Turkish companies continue their activity in Azerbaijan due to long experience,” he added. “Economic reforms in Azerbaijan are giving results. There are all conditions for the development of business in Azerbaijan."
He added that Turkish businessmen’s investments in Azerbaijan help the development of the country.
Genc said that the Azerbaijani economy has reached such a level that it is possible to export goods to other countries.
"Export has become an important sector of the Azerbaijani economy,” he added. “I believe that financial support for export is inadequate, therefore it is necessary to create an Export-Import Bank (EXIM Bank) in Azerbaijan to support export."
According to the Azerbaijani State Customs Committee, the trade turnover between Azerbaijan and Turkey reached almost $553 million in January-March 2017, $308.7 million of which accounted for export to Turkey. Over the year, the trade turnover between the two countries has increased by more than twofold.