Azerbaijani, Turkish business agencies sign protocol on cooperation
Azerbaijan, Baku, April 15 / Trend N.Ismayilova /
The Azerbaijani National Confederation of Entrepreneurs and the Union of Chambers and Commodity Exchanges of Turkey (TOBB) signed a protocol on cooperation, the Azerbaijani embassy in Turkey reported on Friday.
The protocol was signed within the framework of the Azerbaijan-Turkey business forum held in Ankara on April 15. The business forum was held to discuss the bilateral cooperation between the business communities of Turkey and Azerbaijan.
Based on the Azerbaijani State Statistics Committee, the trade turnover between Azerbaijan and Turkey amounted to $942.165 million in 2010, while imports made up $771.274 million and exports -$170.894 million.
According to the Commerce Chamber of Ankara, Turkey's direct investments in Azerbaijan reached $3.8 billion. Azerbaijan yields only to the Netherlands on the volume of the Turkish investments abroad.