Azernews.Az

Monday July 7 2025

Turkish-Azerbaijani Investment Fund to be established

20 February 2021 11:47 (UTC+04:00)
Turkish-Azerbaijani Investment Fund to be established

By Trend

Despite the COVID-19 pandemic, trade turnover between Turkey and Azerbaijan increased by five percent in 2020 and amounted to $4.6 billion, Turkish Vice President Fuat Oktay said.

Oktay made the remark following the meeting of the Joint Intergovernmental Commission on Economic Cooperation between Azerbaijan and Turkey, Trend reports.

“The protocol signed following the meeting and consisting of 138 articles corresponds to the messages of the presidents of Turkey and Azerbaijan to the world after the glorious victory of Azerbaijan in the Nagorno-Karabakh region,” the Turkish vice president added.

"Our goal is to increase trade turnover between the two countries up to $15 billion by 2025,” Oktay said.

“During today's meeting, we discussed the possibilities of cooperation in various fields, in particular, the creation of the Turkish-Azerbaijan Investment Fund, partnership in the field of wind and solar energy, joint development of fields,” the Turkish vice president said.

“We agreed on a 138-clause plan and agreed to expand the scope of the trade agreement,” Oktay added. “Our intention is to sign a free trade agreement in the future."

--

Follow us on Twitter @AzerNewsAz

Here we are to serve you with news right now. It does not cost much, but worth your attention.

Choose to support open, independent, quality journalism and subscribe on a monthly basis.

By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.

Subscribe

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Loading...
Latest See more