The long-awaited Zangezur Corridor in Azerbaijan, is set to become a vital transit artery—integrating the Turkic world and revitalising the Middle Corridor trade route stretching from the Far East to Europe according to Türkiye's Trade Minister Omer Bolat.
He made the comment at the Azerbaijan–Türkiye Economic and Cultural Relations Bridge programme in Ankara on Wednesday, saying that Baku's role is an important key partner for Ankara's outreach to Asia.
"As of the first eight months of this year, our trade volume has been improving. Investments, in particular, are very important," explained Bolat.
"Türkiye's largest investment in the world, in terms of the number of businesspeople and companies, is in Azerbaijan. Our largest investment, worth 17 billion dollars, is also in Azerbaijan. Azerbaijan also has approximately 3,000 companies in Türkiye," he added.
Bolat said economic ties between the two countries have grown steadily during his tenure, with energy, infrastructure, and technology sectors leading the way.
The opening of the trade route is expected to transform regional connectivity, further solidify economic integration between Ankara and Baku, and expand trade flows along the East-West axis.
Iran’s deputy foreign minister for Legal affairs Kazem Gharibabadi has said that plans are underway for the repatriation of Iranian prisoners and en...
Hurricane Melissa continued to batter Cuba on Wednesday (October 29), weakening to a Category 2 storm after devastating Jamaica and leaving at least 2...
Kazakhstan has announced a new phase in construction plans for its first nuclear power plant. The power plant is expected to be operational by 2035....
Two people were killed and three others injured when a seven-storey building collapsed in the northwestern Turkish city of Gebze on Wednesday, local o...
A trial beginning Wednesday in Portland, Oregon will determine whether President Donald Trump lawfully ordered the National Guard to the city to quell...
Iran’s deputy foreign minister for Legal affairs Kazem Gharibabadi has said that plans are underway for the repatriation of Iranian prisoners and enhancing border security and controls.
Hurricane Melissa continued to batter Cuba on Wednesday (October 29), weakening to a Category 2 storm after devastating Jamaica and leaving at least 25 people dead in Haiti, officials said.
Kazakhstan has announced a new phase in construction plans for its first nuclear power plant. The power plant is expected to be operational by 2035.
Two people were killed and three others injured when a seven-storey building collapsed in the northwestern Turkish city of Gebze on Wednesday, local officials said. All five victims belonged to the same family.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Iran’s deputy foreign minister for Legal affairs Kazem Gharibabadi has said that plans are underway for the repatriation of Iranian prisoners and enhancing border security and controls.
Kazakhstan has announced a new phase in construction plans for its first nuclear power plant. The power plant is expected to be operational by 2035.
Azerbaijan has acceded to the Rotterdam Convention on the Prior Informed Consent Procedure for Certain Hazardous Chemicals and Pesticides in International Trade.
As part of his official visit to the Sultanate of Oman, Azerbaijan’s Foreign Minister Jeyhun Bayramov met with Sayyid Asaad bin Tariq Al Said, Special Representative of the Sultan of Oman.
According to Report, the U.S.-Azerbaijan Strategic Working Group is set to begin its work soon, the press service of the U.S. Department of State said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment