AZERBAIJAN, GEORGIA, TURKEY CLOSEST PARTNERS IN REGION, YANIK
“There is huge potential for the Turkey-Azerbaijan trade to reach US$3 billion next year,” Mr. Umit Yanik, Secretary General of the Azerbaijani-Turkish Association of Industrialists and Businessmen (TUSIAB) told AZERTAC.
He noted the volume of Turkey’s trade with Eurasian states from the Eastern Europe to the Pacific Ocean will make up US$40 billion by the end of this year against $2 billion ten years ago, adding the 2013 target was set at $100 billion.
Mr. Yanik said: “The total GDP of the Eurasian region with an area of 23 million square meters and 350 million population, is $2 trillion. Ten and thirty two percent of the world’s oil AND gas reserves respectively is concentrated in 13 Eurasian countries. Turkey has already invested over $8 billion in this region with the national income of $1.2 trillion and the total trade volume of $700 billion. The country is planning to invest $35 billion in Eurasian region until 2012. With its $180 billion of foreign trade volume, Turkey ranks among world’s top 20 states”.
Describing Azerbaijan and Georgia as Turkey’s closest and most reliable partners, Umit Yanik said there was every condition for the idea of building free economy among the three countries to be realized. “Almost every forth or 1 million Georgians have visited Turkey over the past three years,” he pointed out adding that “the Baku-Tbilisi-Ceyhan oil and Baku-Tbilisi-Erzurum gas pipelines as well as the Baku-Tbilisi-Kars railroad projects have tied these three countries by indissoluble bonds.”
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