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.
At least 30,000 displaced people have sought protection in shelters across Lebanon following an escalation in h...
The widening war between Iran, U.S. and Israel is leaving civilians and soldiers caught in its wake. Thousands of people are stranded across the Gu...
Azerbaijan's Astara border has become a key corridor for people wanting to leave Iran. More than 600 foreign nationals have been walking throug...
Start your day informed with AnewZ Morning Brief. Here are the top news stori...
Türkiye has suspended day-trip crossings at its Kapıköy border and two...
Azerbaijan's Astara border has become a key corridor for people wanting to leave Iran. More than 600 foreign nationals have been walking through the frontier this week amid the war in the Middle East.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 4th of February, covering the latest developments you need to know.
Türkiye has suspended day-trip crossings at its Kapıköy border and two others with Iran as regional tensions escalate following strikes involving the United States and Israel on Tehran. AnewZ's Alisultan Sultanzade was on the ground at the crossing before the restrictions came into force.
The U.S. military's Central Command said on Tuesday that Iran has launched over 500 ballistic missiles and over 2,000 drones in its retaliatory attacks throughout the Middle East so far.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
China’s Foreign Minister Wang Yi has held talks with his Russian counterpart Sergei Lavrov following recent military strikes carried out by the United States and Israel on targets in Iran, as tensions in the Middle East continue to rise.
U.S. first lady, Melania Trump chaired a UN Security Council meeting on children and education in conflict on Monday (2 March), a move criticised by Iran as hypocritical following U.S. and Israeli strikes that triggered a UN warning about risks to children.
The U.S. embassy in Riyadh was hit by two drones resulting in a limited fire and some material damage, the kingdom's defence ministry said in a post on X on Tuesday, citing an initial assessment.
At least 30,000 displaced people have sought protection in shelters across Lebanon following an escalation in hostilities between Israel and Hezbollah, the United Nations refugee agency said on Tuesday, and added that many more were expected to join them.
The widening war between Iran, U.S. and Israel is leaving civilians and soldiers caught in its wake. Thousands of people are stranded across the Gulf, flights are grounded, and Washington has confirmed the first American troops killed as fears grow of further casualties.
Azerbaijan's Astara border has become a key corridor for people wanting to leave Iran. More than 600 foreign nationals have been walking through the frontier this week amid the war in the Middle East.
Türkiye has suspended day-trip crossings at its Kapıköy border and two others with Iran as regional tensions escalate following strikes involving the United States and Israel on Tehran. AnewZ's Alisultan Sultanzade was on the ground at the crossing before the restrictions came into force.
The U.S. military's Central Command said on Tuesday that Iran has launched over 500 ballistic missiles and over 2,000 drones in its retaliatory attacks throughout the Middle East so far.
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