Bak hosts Azerbaijani-Turkish business forum

28 Noyabr 2011 13:00 (UTC+04:00)

By the support of the Ministry of Economic Development and organization of the Azpromo, Azerbaijani-Turkish business forum has today kicked off in Baku.

Deputy Minister of Economic Development Sevinj Hasanova said that today Azerbaijan and Turkey had more than 30 economic agreements. The Deputy Minister stressed the importance of the Baku-Tbilisi-Jeyhan, Baku-Tbilisi-Erzurum and Baku-Tbilisi-Kars, and noted that these projects would ensure energy security in the region.

Hasanova also said that within 10 months this year, the trade turnover between the two countries exceeded $ 1.4 billion, imports amounted to $990 million, exports - $400 million. Compared to the same period last year, trade turnover grew by 85%, imports - by 64%, export - by 2.7 times.

According to her, currently about 1,000 Turkish companies and 5 banks with Turkish capital operate in Azerbaijan. And 850 Azerbaijani companies operate in Turkey. Over the past 10 years, Turkey has invested $ 2 billion in the economy of Azerbaijan and Azerbaijan invested $ 4.5 bln in Turkish economy.