Azerbaijan-Turkey Business Forum was held.4.11.2022
A eminent Azerbaijani-Turkish investment forum is set to convene in Baku on December 21.
The event, graced by the participation of key dignitaries, including Azerbaijani Economy Minister Mikail Jabbarov, Turkish Trade Minister Omer Bolat, and the Head of the Financial Office of the Turkish Presidential Administration Geksel Auchan, is poised to be a focal point for discussions on strategic initiatives to fortify economic cooperation between the two nations.
Jointly organized by the Agency for Export and Investment Promotion (AZPROMO) and the Turkish Exporters Assembly (TÜIB), the forum aims to provide a platform for deliberations among business leaders, investors, and businessmen, reflecting the shared commitment of Azerbaijan and Turkey to augmenting bilateral economic ties.
The timing of the forum, dedicated to the centennials of pivotal historical milestones for both nations, adds symbolic resonance to the discussions. The commemoration of Heydar Aliyev's birth and the establishment of the Republic of Turkey underscores the enduring historical ties between the two countries and their mutual trajectory towards progress and development.
Anticipated topics of discussion encompass a spectrum of strategic issues germane to the expansion of economic cooperation, reflecting a comprehensive approach to fostering mutually beneficial partnerships.
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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