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Turkey Seeks to Boost Investment in Nakhichevan

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BAKU (APA)–Nakhichevan has a ‘special place’ in Turkey’s foreign policy as a territory that isolates Armenia from the rest of the region, Turkey’s State Minister for Foreign Trade Zafer Caglavan said Wednesday speaking at a Turkish-Azeri business forum hosted in Kahkichevan , the Azeri Press Agency reported.

“Armenia has been stuck between Nakhchivan and the rest of Azerbaijan with access only to Iran and Turkey,” Caglavan said. “Nakhchivan has a special place in the foreign policy of our government. That’s why we are here today.”

The forum attracted influential businessmen from Turkey and Azerbaijan and presented them with information about Nakhichevan’s history, its course of economic development, and various business and investment opportunities in the area.

According to APA, the meeting will end with the signing of a series of cooperation documents.

Speaking to reporters during the event, Caglayan said Turkish businessmen have a “serious” interest in making investments into the Azeri controlled territory. He added that discussions were ongoing to establish the Nakhchivan-Turkey Business Council.

“We want to establish a council that will help the businessmen. One should take advantage of bordering Nakhchivan. It would be better to create free trade zone on the border. It would increase mutual trade,” said Caglayan. “We can create a region without customs and trade with every part of the world. I gave necessary instructions. Turkey’s General Directorate of Free Trade Zones will study the issue. It will be possible to set up this system without losing time.”

Caglayan said he had already appealed to Nakhichevan’s authorities to support the endeavor.


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