Turkish President urges for new joint projects by Turkey and Azerbaijan


Turkish President Abdullah Gul attended Turkey-Azerbaijan Business Forum in Baku on Wednesday. Speaking at the business forum, Gul said Turkey had recorded important economic progress in the recent years and become the 6th biggest economy of Europe.




 Gul said Turkey was proud of Azerbaijan’s economic development in the recent years, and both Turkey and Azerbaijan should seek new big projects like Baku-Tbilisi-Ceyhan oil pipeline.

On the other hand, Rifat Hisarciklioglu, Chairman of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), stated that rich resources and rapid development of Azerbaijan were important areas of investment for Turkish businessmen.

Hisarciklioglu also called on Azerbaijani authorities to offer facilities for Turkish businessmen in shipment, customs and banking areas.

Turkish State Minister Kursad Tuzmen, who also addressed Turkish and Azerbaijani businessmen, stated that trade volume between Turkey and Azerbaijan reached 2 billion USD. He said Turkish investments and projects exceeded 5.5 billion USD.

“Considering relations between Turkey and Azerbaijan, this figure is inadequate. Bilateral economic relations can be further improved,” Tuzmen said.

Azerbaijani President Ilham Aliyev in his part invited Turkish businessmen to invest in Azerbaijan.

“Economic activities in Azerbaijan focus on areas like energy, construction, infrastructure, and transportation sectors,” Aliyev said, indicating that energy was the most important sector of his country.

Aliyev noted that Azerbaijan’s oil and natural gas resources opened to the world via Turkey and his country needed serious investments.



The New Anatolian

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