Turkey, Azerbaijan planning to increase mutual investments to

25 June 2026

Turkey, Azerbaijan planning to increase mutual investments to $20B

02:00 16 March 2016 Read: 1215

Turkey, Azerbaijan planning to increase mutual investments to $20B

Turkey and Azerbaijan are planning to increase the volume of mutual investment to $20 billion within five years, said Turkish President Recep Tayyip Erdogan.

He made the remarks at the press conference held following the fifth meeting of the Turkey-Azerbaijan High Level Strategic Cooperation Council held in Ankara March 15.

Turkey and Azerbaijan are maintaining $1.5-million bilateral trade turnover achieved in 2015, Erdogan said.

The Turkish president congratulated his Azerbaijani counterpart for declaring 2016 the Year of multiculturalism.

Erdogan also underlined the tourism potential of Azerbaijan’s Nakhchivan.

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