Zangezur Corridor Boosts Middle Corridor Trade
(MENAFN) The inauguration of the Zangezur Corridor in Azerbaijan is set to unify services across the Turkic world and rejuvenate the Middle Corridor, which spans from the Far East to Europe, enhancing transit trade, Türkiye's trade minister stated Wednesday.
Omer Bolat, addressing the Azerbaijan-Türkiye Economic and Cultural Relations Bridge program in Ankara, emphasized that Azerbaijan serves as a vital strategic transit hub for Türkiye as it expands toward Central Asia and the Far East.
Bolat highlighted that trade between Türkiye and Azerbaijan has steadily advanced each year during his tenure.
"As of the first eight months of this year, our trade volume has been improving. Investments, in particular, are very important," he said.
He also stressed that Türkiye's largest global investment, in terms of the number of entrepreneurs and firms, is located in Azerbaijan.
"Our largest investment, worth $17 billion, is also in Azerbaijan. Azerbaijan also has approximately 3,000 companies in Türkiye," he added.
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