Azernews.Az

By Laman Ismayilova

The fifth Azerbaijan-Turkey-Georgia trilateral business forum will be organized in Istanbul on November 16.

Turkey is one of Azerbaijan`s largest trade and investment partners as it invested $10.1 billion in the country`s economy, including $2.6 billion in the non-oil sector, Azertac reported.

Azerbaijan invested $7.9 billion in the Turkish economy. By 2020 the total amount of Azerbaijan’s investment in Turkey is expected to make $20 billion.

More than 2,600 Turkish firms operate in Azerbaijan, while more than 1,700 Azerbaijani companies work in Turkey.

Azerbaijan invested 40 percent of the total investments made in the economy of Georgia in 2015, the National Statistics Office of Georgia reports.

Last year, Azerbaijan invested $542 million (58.9 percent growth) in Georgia and became the largest investor in the country.

The trilateral business forum is assessed as important event in boosting of cooperation among businessmen and overall relations among Georgia, Azerbaijan and Turkey.

Business Forum is traditionally followed by bilateral meetings among businessmen, during which expansion of business ties among entrepreneurs are discussed.

Azerbaijan, Turkey and Georgia are successfully cooperating in the political, economic, scientific, technical, and cultural spheres. The three countries are connected by several important regional projects, including the Baku-Supsa, Baku-Tbilisi-Ceyhan oil pipelines, Baku-Tbilisi-Erzurum gas line and Baku-Tbilisi-Kars railway.

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