Turkey and Azerbaijan on Tuesday are set to sign a preferential trade agreement towards reaching a $15 billion trade volume target.

The signing will take place during a visit to Azerbaijan by Turkish President Recep Tayyip Erdogan, at a high-level strategic cooperation council meeting co-chaired by Erdogan and his Azerbaijani counterpart Ilham Aliyev, with the participation of Turkey’s Trade Minister Ruhsar Pekcan.

An action plan for cooperation between Turkey’s Foreign Economic Relations Board (DEIK) and the Azerbaijan Export and Investment Promotion Fund (AZPROMO) will also be signed.

According to the Turkish Statistical Institute (TurkStat), in 2019 Turkey’s exports to

Read more: Turkey, Azerbaijan eye $15B trade volume