Turkey to boost ties with Azerbaijan

In Baku, Turkish Foreign Minister Mevlut Cavusoglu pushes more mutual investments and ending trade barriers with Azerbaijan

Turkey to boost ties with Azerbaijan

World Bulletin / News Desk

Turkish Foreign Minister Mevlut Cavusoglu Saturday pushed for stronger economic ties with Azerbaijan. 

"We need to strengthen our economic relations. We have to increase investments. Above all, the obstacles to trade need to be removed completely," Cavusoglu told a news conference alongside his Azeri counterpart Elmar Memmedyarov in the capital Baku, where he is paying a one-day working visit.

"We strongly support the program of economic diversification in Azerbaijan and supporting national production," he added. 

Cavusoglu also said Turkey supports firms investing in Azerbaijan. 

About the Trans-Anatolian Natural Gas Pipeline (TANAP), Cavusoglu said: "For us, TANAP is an essential project. It is our joint project. We are working to finish it ahead of schedule. [Under it] first Azeri gas comes to Turkey and then reaches European markets."

The TANAP project aims to bring natural gas, produced from Azerbaijan's Shah Deniz-2 gas field and other areas of the Caspian Sea, primarily to Turkey, then also on to Europe via the Trans-Adriatic Pipeline (TAP).

The project is planned to be operational in 2018 with an initial capacity to carry 16 billion cubic meters (bcm) of Azeri gas through Georgia to Turkey.

In addition to economic cooperation, Cavusoglu is due to discuss resolution of the Upper Karabakh issue as well as other regional and international developments with Memmedyarov before returning to Turkey.




Güncelleme Tarihi: 03 Aralık 2016, 18:31