Azerbaijani Economy 11 september — 14:09

Minister Pekcan: Turkey ready to sign free trade agreement with Azerbaijan

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'Turkey aims to increase trade with Azerbaijan. We are ready to sign a free trade agreement with the fraternal country,' Turkish Trade Minister Ruhsar Pekcan said at a meeting with the Chairman of the Azerbaijani Milli Mejlis, Sahiba Gafarova in Ankara. Anadolu reports this with reference to the press-service of the Turkish Ministry of Trade.

'The volume of trade between our countries at the end of 2019 amounted to $4.4 billion. This figure is far from the real potential of the economic opportunities of the two countries. Our goal is to increase these indicators,' said the Turkish minister.

The head of the Turkish Ministry of Trade recalled the results of the meeting of the Azerbaijan-Turkey High-Level Strategic Cooperation Council, held in February 2020 in Baku, within the framework of which an Agreement on Preferential Trade between the two countries was signed. 'This agreement is an important step towards building up bilateral trade. Our goal is to sign a free trade agreement with Azerbaijan,' said Pekcan.

The head of the Turkish Ministry of Trade also noted the importance of the Georgia-Azerbaijan-Caspian Sea export route for international and regional trade. 'Against the backdrop of the coronavirus pandemic, the supply chain of Turkish products to Central Asian countries through Iran has been disrupted. And in this regard, the route Georgia-Azerbaijan-Caspian Sea acquired special significance. In particular, the Baku-Tbilisi-Kars railway was actively used,' said Pekcan.

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