Azerbaijan, Turkey seek to deepen trade ties
By Nazrin Gadimova
The ways of deepening economic relations between Azerbaijan and Turkey was mulled as Energy Minister Natig Aliyev has met Cengiz Gul, co-chair of Turkey-Azerbaijan Business Council under Turkish Foreign Economic Relations Board
Aliyev highlighted socio-economic reforms carried out in Azerbaijan.
The minister praised Azerbaijan-Turkey relations, saying the two countries maintain fruitful cooperation in a variety of fields, AzerTag state news agency reported.
"Turkish companies are operating in many fields in Azerbaijan, and Azerbaijani companies are successfully operating in Turkey. Azerbaijan makes its largest investment in Turkey," he noted.
The minister spoke of what had been done to develop industry in Azerbaijan.
"President Aliyev signed a decree to announce 2014 the Year of Industry," Aliyev said, adding this will ensure success of the country`s industrialization policy and make Azerbaijan the regional industrial hub.
Gul, in turn, proposed arranging a meeting aimed at exploring prospects for enhancing economic cooperation between Turkey and Azerbaijan.
Currently, over 4,000 Turkish companies operate in Azerbaijan. These companies operate in construction, services, trade, banking, insurance, agriculture, communications, industry and transport.
According to the 2012 results, the trade turnover between Azerbaijan and Turkey amounted to $2.12 billion.
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