Finance

Home page

Finance

Turkish and Azerbaijani governments intend to establish High-Level Strategic Council

29 July 2010 15:40 (UTC +04:00)

The minister said he met with President Ilham Aliyev, Prime Minister Arthur Rasizadeh and other officials during his visit to Azerbaijan and discussed series important issues, including extension of economic relations.

The minister said he arrived in Azerbaijan together with 130-member delegation, including representatives of more than 80 companies, 10 organizations, as well as media officials. Nearly 150 Azerbaijani business people joined Azerbaijan-Turkey business forum. More than 500 bilateral meetings were held during the event and ten companies signed totally $10-million agreements.

Caglayan said his country welcomed economic growth in Azerbaijan. He said Turkish and Azerbaijani citizens have a same view on the Nagorno Karabakh problem.

Caglayan said his country was interested in extension of relations with Nakhchivan Autonomous Republic and Turkish Air Lines was looking forward to increase the number of flights from 3 to 4 in a week.

â€œThe trade turnover between the countries is $2.2 billion. This is good figure, but we have larger opportunities and potential to increase itâ€, said the minister. He said the Turkish Business Bank was planning to open its office in Azerbaijan and it informed the central Bank of Azerbaijan about that. Turkish travel companies can contribute to the development of winter projects in Azerbaijan.

The Turkish minister added that he negotiated establishing the High-Level Strategic Council during his meetings in Baku. Turkey and Azerbaijan reached an agreement to restore the committee of government officials, which were investigating disputes between the companies.