BAKU, Azerbaijan, September 15. Trade turnover
between Azerbaijan and Türkiye exceeded $3.2 billion in the first
eight months of 2026, Azerbaijan’s Foreign Minister Jeyhun Bayramov
made the remarks at a joint press conference with Türkiye’s Foreign
Minister Hakan Fidan in Baku, Trend's correspondent reports from the event.
The minister said that several mechanisms and formats
play an important role in Azerbaijan-Türkiye relations, including
the High-Level Strategic Cooperation Council, the political
consultations mechanism between the two countries’ foreign
ministries, the Intergovernmental Commission on Economic
Cooperation, and a number of other formats.
Bayramov noted that economic relations between the two
countries are intensive and multifaceted.
“If we consider that trade turnover between the two
countries amounted to $5.7 billion in 2025 and exceeded $3.2
billion in the first eight months of 2026, while noting that mutual
investments from Azerbaijan to Türkiye have exceeded $20 billion
and direct investments from Türkiye to Azerbaijan have exceeded $18
billion, and that more than 4,000 Turkish companies are
successfully operating in Azerbaijan, including Turkish companies
successfully operating in the liberated territories, these figures
demonstrate how intensive and multifaceted relations between the
two countries are in this area,” he said.
