Azernews.Az

By Ayya Lmahamad

Azerbaijani Central Bank and the Turkish Financial Office have discussed prospects of cooperation between the financial sectors of the two countries, Azernews reports.

The discussion took place during the meeting between Azerbaijani Central Bank Board Chairman Taleh Kazimov with Turkish Financial Office Head Goksel Asan.

"Today, in a meeting with the delegation led by Goksel Asan (@asan_goksel), the head of the Turkish Financial Office (@cbfinans), we discussed the development and the future prospects of the existing cooperation between the financial sectors of #Azerbaijan and #Turkey," Taleh Kazimov tweeted.

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, prosperity, and establishing new transport routes.

The two countries set up a goal to bring 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 that expressed its interest and readiness to participate 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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