Azernews.Az

Akbar Novruz

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Azerbaijan’s trade turnover with member states of the Organization of Turkic States (OTS) increased by more than 5% last year, reflecting growing economic cooperation within the bloc, AzerNEWS reports.

Speaking at the meeting of the heads of government and vice presidents of OTS member states held in Baku on April 2, Prime Minister Ali Asadov emphasized the expanding scope of relations among Turkic countries.

He noted that there are significant opportunities to deepen cooperation across multiple sectors, including political engagement, economic ties, transport and transit, energy security, digital transformation, and humanitarian fields.

Asadov emphasized that Azerbaijan has consistently attached special importance to collaboration within the OTS framework and has established strategic partnership or alliance relations with all member states on a bilateral basis.

“In this regard, further expansion of trade and investment relations between our countries is of particular importance. Positive dynamics have been observed in this direction in recent years,” he said.

According to the prime minister, Azerbaijan’s total investments in OTS member states have reached $21 billion. He added that joint investment funds established with partner countries are playing a key role in expanding mutual investments in priority sectors and strengthening overall economic cooperation.

At the same time, Asadov stressed that existing figures do not fully reflect the bloc’s potential, noting that there is considerable room for further growth and integration among Turkic states.