Azerbaijan, Turkiye Ink Mou On Construction Industry Co-Op
Date
12/23/2022 2:10:27 AM
(MENAFN- AzerNews)
Ayya Lmahamad read more Azerbaijan and Turkiye have signed a memorandum of understanding
on improving the regulatory and unified evaluation system in
construction, Azernews reports.
The document was signed by Azerbaijan's Emergency Situations
Minister Kamaladdin Heydarov and Turkiye's Environment,
Urbanization and Climate Change Minister Murat Kurum.
The memorandum envisages strengthening cooperation in the
construction industry between the two countries.
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, and prosperity through establishing new
transport routes.
The two countries set up a goal of bringing 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 keen on
involvement in the restoration of Azerbaijan's liberated
territories.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @ayyalmahamad
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Tags: azerbaijan cooperation memorandum of understanding construction turkiye
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