Azerbaijan, Turkey may create JVs in agriculture


Azerbaijan and Turkey may create joint ventures in agriculture, Azerbaijan’s Agriculture Minister Inam Karimov said at the Azerbaijani-Turkish Business Forum being held in Baku, Trend reports.

He said that the economy is the most important area of ​​cooperation between the two countries.

Karimov stressed that relations between the two countries have a long history and they are strengthened every day thanks to the efforts of the leaders of both countries.

“The trade turnover in the field of agriculture between Azerbaijan and Turkey amounted to $192 million in 2017,” said the minister. “In 2013-2017, the value of agriculture products exported from Azerbaijan to Turkey increased by 65.3 percent, and imports grew 2.3 times.”

Speaking about regional cooperation, the minister touched upon the projects being implemented together with Turkey, such as Baku-Tbilisi-Kars and the Southern Gas Corridor.

The minister also talked about the development of agriculture in Azerbaijan, and noted that the development of grain, cotton and hazelnut growing is the priority for the government in the agriculture sector.

“The main task of the state is to diversify the economy and great attention is paid to agriculture, which is one of the main areas of the non-oil sector,” the minister said. “The development of this area is impossible without innovative technologies. Therefore, steps are being taken to introduce technologies in the agriculture sector.”

In addition, the state strongly supports entrepreneurs operating in the field of agriculture, by offering benefits and exempting them from taxes, he noted.


Readers choice: TOP-5 articles of the month by UkrAgroConsult