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In Azerbaijan, can be created Turkey special economic zone

14 August 2012 18:55 (UTC +04:00)

According to him, these projects provide an increase in trade and mutual investments in both countries, the implementation of investment projects, joint activities in other countries, the conclusion of new agreements in order to enhance business.

Z.Chaglayan said that in the near future, the delegation led by Minister of Economic Development Shahin Mustafayev to visit Turkey.

During the visit will focus on the sphere representing the investment interest for Azerbaijan and Turkey.

He noted the importance of diversifying the economy to which it is necessary to prepare a roadmap for economic and investment system.

During the visit of the Azerbaijani delegation will discuss all areas where possible joint activities. This applies to industry, tourism, energy, he said.

According to the Minister, except that Azerbaijan intends to examine the Turkish experience in the field of investment promotion.

At present, our experts share their experience in this area with the experts of the Ministry of Economic Development of Azerbaijan. This issue will be the focus of attention during the visit of the Azerbaijani delegation.

The Turkish side also intends to share its experience in building industrial town of Sumgait. To this end, the delegation headed by Chaglayanom again to arrive in Azerbaijan, Sumgait visit to hold talks on cooperation in this field.

In particular, cooperation is possible in Sumgait Turkish establishment of special economic zones.

Caglayan said that the strategy of joint cooperation also includes joint work in other countries.

According to the agreements reached business people of Azerbaijan and Turkey will be able to establish a joint business in various countries, including North Africa. The Turkish minister said that this proposal was discussed at a meeting with President Ilham Aliyev and has received approval from the president.

Caglayan said that the expected conclusion of a new economic agreement between Azerbaijan and Turkey.

The new agreement will create conditions for a rapid increase in trade and investment between the two countries. The president of Azerbaijan has already given the appropriate instructions,

Minister for Economic Development of Azerbaijan. It is also planned in Baku, another third meeting in the framework is implemented by Azerbaijan, Georgia and Turkey Project "Three Sea." This meeting will be held in Gabala.

The Minister noted that during the meetings held in Baku was asked to create another economic "troika": Azerbaijan, Turkey and Kyrgyzstan. This proposal was approved as part of Azerbaijan.
In the future here can join Kazakhstan and will be covering the four countries to create a free economic zone.

"In connection with the proposed sign reciprocal trade agreements, tariffs and duties to clarify and create beztamozhennuyu zone. The first meeting on the proposal may be held in Kyrgyzstan. The Minister said that these four countries have enormous potential, but the level of trade and investment volumes do not meet this potential.

"In particular, four countries with a total area of 3.8 million square kilometers and a population of 105 million people in the foreign trade turnover of 545 billion dollars between them is only $ 9 billion."

Caglayan told so that the next meeting of the Council of Cooperation of Turkic speaking countries will be held in Istanbul.