Volume of Türkiye's investments in Azerbaijan over past 3 years unveiled

Over the past three years, Turkish companies have invested $30-35 million in Azerbaijan, Hakan Kalender, Agricultural Counsellor at the Turkish embassy in Azerbaijan, said at the Azerbaijan Agribusiness Forum, Report informs.

He expressed hope that the volume of Turkish investments in Azerbaijan will increase further.

According to Kalender, Azerbaijan has recently been using its potential in the agricultural field very well:

"As a result of the reforms implemented in the agrarian field, the importance of agriculture has increased. Over the past 5-6 years, we have been observing the growth of the agricultural sector in Azerbaijan. The volume of production of agricultural products rises by around 4% every year, which is a perfect indicator.

"The 4% annual growth results from the government's support to the agricultural sector. In addition, Azerbaijan has broad potential in the field of export of fruit and vegetable products. Azerbaijan is a country that can influence the $300 million market of the CIS. It is possible to export products to a number of CIS countries, including Russia, without customs duty."