Tbilisi Hosts the Seventh Trade Forum of the Ministers of Turkey, Azerbaijan, and Georgia
The seventh Trade Forum of Turkey, Azerbaijan, and Georgia is being held with the aim of developing a comprehensive roadmap for trilateral cooperation. The goal of this meeting has been stated as strengthening trade and investment ties among the three countries.
Ömer Bolat, Turkey’s Minister of Trade, is traveling to Georgia today to participate in this forum and conduct official meetings. During his two-day visit, he will hold talks with Mariam Kvrivishvili, Georgia’s Minister of Economy and Sustainable Development, and Mikayil Jabbarov, Azerbaijan’s Minister of Economy.
In these meetings, trilateral economic and trade relations, as well as topics related to logistics and investment, will be examined. The Turkish Trade Minister will also deliver a speech at the forum’s opening ceremony, which will be attended by representatives of the private sectors from the three countries.
This forum, bringing together the three major countries of the South Caucasus, provides a platform for discussing the development of trade relations, joint investments, and regional cooperation. The event, with the participation of around 500 businesspeople from Turkey, Georgia, and Azerbaijan, seeks a significant increase in regional trade. A comprehensive roadmap is expected to be developed to further reflect the robust relations of the three countries in the field of trade.
Trilateral cooperation between Turkey, Azerbaijan, and Georgia has been strengthened in recent years through the implementation of major infrastructure and energy projects. The trade volume between Turkey and Georgia last year reached approximately $3 billion, and Turkish investment in Georgia has so far reached $2.2 billion. Turkish contractors have also completed 304 projects worth $5.6 billion in the country.
Bilateral trade between Turkey and Azerbaijan was also around $7 billion last year. Turkish investment in Azerbaijan has reached $18 billion, and Turkish contracting companies have carried out approximately 569 projects worth $22 billion in that country.
Infrastructure and energy projects, including the Baku-Tbilisi-Ceyhan Crude Oil Pipeline, the Baku-Tbilisi-Erzurum Natural Gas Pipeline, and the Baku-Tbilisi-Kars Railway, have strengthened trilateral cooperation and form the backbone of the “Middle Corridor,” which connects Asia and Europe. These strategic transport and logistics corridors play a key role in regional development and integration into global supply chains.
In this context, the seventh Turkey-Azerbaijan-Georgia Trade Forum is evaluated as an important mechanism for achieving the set goals of increasing trade volume, realizing common trade objectives, and accelerating mutual investments.
