12:03 - 31.10.2025
October 31, Fineko/abc.az. Azerbaijan and Turkey have the opportunity to further increase trade turnover through joint strategies aimed at third countries.
ABC.AZ informs that the head of the Istanbul Chamber of Industry, Erdal Bakhchivan, said this at full-scale business meetings held as part of an official visit to Baku.
He added that both countries believe that they have greater potential: "We already have a goal of $15 bn set by our presidents. I believe this goal will be easily achieved. I think these numbers will grow even more, in particular due to mutual investments and joint strategies focused on third countries."
He noted that, therefore, Turkish industrialists and investors should understand very well the opportunities that this region provides: "I believe the figures we mentioned will reach much higher levels. Of course, Azerbaijan also has very valuable investments in Turkey. The Azerbaijan State Oil Company (SOCAR) is the most important foreign investor investing in Turkey in recent years. This should be considered not only as investments made by Turkish industrialists in Azerbaijan, but also as an opportunity for production and projects that our Azerbaijani friends will implement in Turkey in various fields.
"Bakhchivan noted that the most important question is what we can do together to develop in third countries and neighboring countries. states or in different regions of the world: "Because both economies have quite valuable resources and capabilities that complement each other."
