Baku, Azerbaijan, Nov. 30
By Azad Hasanli – Trend:
Azerbaijan, Turkey, Kyrgyzstan and Kazakhstan can bring the total volume of trade turnover to $10 billion, said Turkish Economy Minister Nihat Zeybekci.
He made the remarks following the 7th ministerial meeting of the Cooperation Council of Turkic Speaking States (Turkic Council) in Istanbul, the Turkish media reported Nov. 30.
The minister reminded that the trade turnover of the four Turkic speaking states reached $5.5 billion in 2016.
These are insufficient volumes, according to him, and the countries have the opportunity to improve these indicators.
Zeybekci said that during today’s meeting, the sides also discussed updating the existing trade and investment agreements.
According to Azerbaijan’s State Customs Committee, the trade turnover with Kazakhstan, Turkey and Kyrgyzstan amounted to $2.28 billion in January-October 2017. Turkey accounted for a lion’s share in trade turnover – almost $2.17 billion.
The 7th meeting of economy ministers of the Turkic Council kicked off in Istanbul on Nov. 30.
The organization includes Azerbaijan, Turkey, Kazakhstan and Kyrgyzstan. Azerbaijan is represented at the event by Economy Minister Shahin Mustafayev.