Turkish-Azeri trade over $2bn
Trade between Turkey and Azerbaijan exceeded $2
billion in 2008, Turkish Prime Minister Recep Tayyip Erdogan told
the Azerbaijani parliament last week. He added that trade is
expected to further increase in the coming years.
The prime minister noted that trade between the two states has risen by an average of 40% a year in the past four years. Further, Turkish investment in Azerbaijan`s non-oil sector has reached $3bn, which makes Turkey one of the largest investors in the fast-growing South Caucasus republic`s non-oil economy.
The prime minister noted that trade between the two states has risen by an average of 40% a year in the past four years. Further, Turkish investment in Azerbaijan`s non-oil sector has reached $3bn, which makes Turkey one of the largest investors in the fast-growing South Caucasus republic`s non-oil economy.
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