Digital transformation, artificial intelligence, and financial technologies have been identified as new priority areas of the Azerbaijani-Turkish economic cooperation. The established partnership model between the two countries is not limited to bilateral relations. It also paves the way for broader economic integration in the South Caucasus and the Caspian region, said Birol Akgün, Turkish Ambassador to Azerbaijan, during the Azerbaijan-Türkiye ICT Business Forum in Baku

According to him, an action plan consisting of 110 provisions was prepared within the framework of the 12th meeting of the Türkiye-Azerbaijan Joint Economic Commission, which is scheduled to be implemented by 2026.

"The document places a special emphasis on cooperation in the fields of digitalization, innovation, AI, financial technologies and high technologies. The two countries aim to increase trade turnover to $15 billion, and to this end, they intend to expand joint activities in technological areas that create high added value, in addition to traditional sectors. The strong cooperation established between the two countries in energy, construction, agriculture, and other areas must now be accompanied by technological transformation," the ambassador added.