Turkey and Azerbaijan aim to increase their bilateral trade to US$ 15 billion by 2023

Turkey and Azerbaijan aim to increase the level of trade between them up to US$ 15 billion by 2023. This was stated by the leaders of the two countries who met in Baku on Tuesday (25 February). Turkish President Recep Tayyip Erdoğan and President Ilham Aliyev of Azerbaijan participated in a meeting of the Turkey-Azerbaijan High Level Strategic Cooperation Council and afterwards addressed a press conference.

Drawing attention to the 14 documents signed at the end of the meeting, President Erdogan singled out the preferential trade agreement among these documents as of critical importance. "In 2019, we had a trade volume of nearly $4.5 billion. Our goal is to increase this amount to $15 billion by 2023. We should achieve this. In this respect, the preferential trade agreement we have signed today is of great significance. We will deepen our cooperation in every area from customs to agriculture, energy to transportation, and technology to tourism", he said.

The Nagorno Karabakh issue was also discussed during the meeting. Erdogan told journalists at the press conference that the Karabakh issue is of as much concern to Turkey as it is to Azerbaijan. "It is our biggest desire that the Nagorno-Karabakh problem be solved on the basis of Azerbaijan's sovereignty and territorial integrity. We will continue our support for Azerbaijan's rightful fight", he added.

source: commonspace.eu with agencies

photo: The presidents of Turkey and Azerbaijan at their meeting in Baku on 25 February 2020 (picture courtesy of the press service of the Turkish Presidency)

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
Clouds of war gather in the Middle East

Clouds of war gather in the Middle East

Iran  has responded to Israeli attacks on Thursday night, firing missiles at targets in Israel, including in Tel Aviv and Jerusalem, Both side say that civilians got killed in the attacks. Clouds of war are now gathering across the Middle East  and there is fear that this conflict may expand to other players. The Iranian FARS News agency quoted the new commander of the Islamic Revolution Guards Corps (IRGC) as saying that Iran would would take Israel to the gates of hell over the latter’s deadly onslaught against Tehran which led to the death of senior military commanders, including the IRGC own commander, Major General Hossein Salami.

Popular

Editor's choice
News
Clouds of war gather in the Middle East

Clouds of war gather in the Middle East

Iran  has responded to Israeli attacks on Thursday night, firing missiles at targets in Israel, including in Tel Aviv and Jerusalem, Both side say that civilians got killed in the attacks. Clouds of war are now gathering across the Middle East  and there is fear that this conflict may expand to other players. The Iranian FARS News agency quoted the new commander of the Islamic Revolution Guards Corps (IRGC) as saying that Iran would would take Israel to the gates of hell over the latter’s deadly onslaught against Tehran which led to the death of senior military commanders, including the IRGC own commander, Major General Hossein Salami.