“Our relations built on historical bonds create opportunities for the development of cooperation between our countries in economy, trade, transport and logistics and other areas,” said Azerbaijani President Ilham Aliyev at the Summit of Azerbaijani, Turkish and Turkmen Presidents, APA reports.

“In January-October 2022, Azerbaijan’s trade turnover with Turkiye increased by 45 percent and reached 5 billion US dollars.

Nearly 20 billion US dollars have been invested from Azerbaijan to Turkiye’s economy, and some 14 billion US dollars have been invested by Turkiye into Azerbaijan’s economy.

This year, the trade turnover with Turkmenistan increased five times, marking record level to date.

Azerbaijan, Turkiye and Turkmenistan have attained substantial success in the transport and logistics area. Many projects have been implemented by our countries, which in turn create new opportunities for cooperation in the field of transport connectivity.

Investments in this sector in all three countries served the purpose of creating new and modern infrastructure.

Azerbaijan is an active player in the East-West and North-South transport corridors and has implemented all major projects related to railway, highway and air transport in its territory. As a result, Azerbaijan has become an important transit country.

In the first 10 months of 2022, the volume of total transit traffic passing through Azerbaijan has increased by more than 80 percent compared to the corresponding period of last year,” said the President.

Source: Azeri-Press News Agency