The issue of cooperation between Azerbaijan and Turkey in the field of Small and Medium Businesses (SMBs) was on the agenda at the Turkish-Azerbaijan Business Forum held in Ankara on February 18.

Small and Medium Business Development Agency (SMBDA) was also represented at the business forum, which was attended by Prime Minister of the Republic of Azerbaijan Ali Asadov and Vice President of the Republic of Turkey Fuat Oktay, as well as officials and businessmen from both countries.

In his speech at the event, Chairman of the Board of SMBDA Orkhan Mammadov noted that cooperation in the field of SMB is one of the important areas of Azerbaijani-Turkish economic relations, and the Agency has always attached particular importance to the rich experience of brotherly Turkey in supporting SMBs and the creation of new incentive mechanisms. He also stressed that cooperation with KOSGEB and other relevant bodies of Turkey in this area was successfully continued. Having reported on the measures taken within the framework of joint cooperation, Orkhan Mammadov touched upon the prospects for cooperation and development of relations between SMBs of the two countries. He emphasized the importance of strengthening the joint efforts of partner organizations in the direction of expanding ties between SMBs of both countries, creating joint ventures, providing goods and services for both markets, as well as taking advantage of the advantageous geographical location in the transport and logistics sector.

Within the framework of the business forum, the Azerbaijani SME Development Agency and the Confederation of Small Entrepreneurs and Craftsmen (TESK) of Turkey, as well as the Confederation of Turkish Businessmen signed MoUs on cooperation in the relevant field.  

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