(MENAFN- AzerNews)
By Ayya Lmahamad
Baku and Ankara have discussed chances of investments in the
metallurgical industry of Azerbaijan, Azernews reports.
The discussion took place during a meeting between Azerbaijan's
Small and Medium Business Development Agency (SMBDA) Board Chairman
Orkhan Mammadov and Turkish Bermmak company Director General Hidir
Akyurek.
During the meeting, Orkhan Mammadov briefed the participants
about SMBDA's support services.
'I was pleased to meet with Hidir Akyurek, Director General of
Bermmak Turkiye at SMBDA. During the meeting, the company's
investment opportunities in the metallurgical industry in
Azerbaijan were discussed and I informed the delegation about our
support services,' Orkhan Mammadov .
SMBDA continues to hold meetings with local and foreign
businessmen to expand ties and implement new business
initiatives.
Azerbaijan and Turkiye collaborate in a variety of economic
sectors and have completed major energy and infrastructure
projects, such as Baku-Tbilisi-Ceyhan, Baku-Tbilisi-Kars, and
TANAP.
In 2021, Azerbaijan and Turkiye signed the Shusha Declaration on
Allied Relations, which focuses on defense cooperation, promoting
regional stability, prosperity, and establishing new transport
routes.
The two countries set up a goal to bring the mutual trade
turnover to $15 billion in 2023. As of 2021, the trade turnover
between the two countries amounted to $4.6 billion. So far, Turkiye
is Azerbaijan's second-largest investor followed by the UK.
Additionally, Turkiye was one of the first countries that
expressed its interest and readiness to participate in the
restoration of Azerbaijan's liberated territories.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
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