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BAKU: Baku Hosts Azerbaijan-Turkey Business Forum

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  • BAKU: Baku Hosts Azerbaijan-Turkey Business Forum

    BAKU HOSTS AZERBAIJAN-TURKEY BUSINESS FORUM

    APA
    July 29 2010
    Azerbaijan

    Baku. Rashad Suleymanov - APA-ECONOMICS. Azerbaijan-Turkey business
    forum has started in Baku today.

    APA-ECONOMICS reports that Turkish Minister of Trade Zafer Caglayan
    and Azerbaijan's Minister of Economic Development Shahin Mustafayev
    also attended the business forum.

    Addressing the event Shahin Mustafayev noted that political, cultural,
    economic relations are developing between Turkey and Azerbaijan. The
    countries have especially come closer as a result of the recent
    projects of regional importance.

    "$80 billion was invested in Azerbaijan's economy during the
    years of independence, half is foreign investments. Azerbaijan's
    economy constitutes 75% of the economy of the South Caucasus," Shahin
    Mustafayev said and added that Turkish companies play important role in
    the development of Azerbaijan's economy. Minister noted that there are
    good conditions to increase the trade turnover between the countries.

    Minister called on the Turkish businessmen to cooperate with Azerbaijan
    in non-oil sector, especially agrarian sector, tourism, production
    of agricultural products, transit shipment.

    Zafer Caglayan spoke about cooperation between the two countries from
    political up to economic relations. Touching on the Nagorno Karabakh
    problem Zafer Caglayan said: "Turkey wants the occupied territories to
    be returned to Azerbaijan and Karabakh problem to be solved soon. This
    is the wish of the entire Turkey."

    State Minister said joint activity will produce positive results. He
    noted the possibility of Turkish companies' participation in the
    projects in ship construction, agriculture and construction.

    Zafer Caglayan advised the companies to take into account the existing
    law while establishing cooperation.

    "Problems, lawsuits have negative influence on the relations between
    the countries," he said.

    Azerbaijan Export and Investment Promotion Foundation (AZPROMO),
    Azerbaijan Investment Company held presentations. Turkish businessmen
    were informed about Azerbaijan's economic opportunities, potential,
    priority projects.




    From: A. Papazian
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