Azerbaijan ratifies Agreement on military-financial cooperation with Turkey

President Ilham Aliyev has approved the Law on Ratification of the “Agreement on Military Financial Cooperation between the Government of the Republic of Azerbaijan and the Government of the Republic of Turkey,” Report says. 

According to the document, Azerbaijan has ratified the Agreement on Military Financial Cooperation between the Government of the Republic of Azerbaijan and the Government of the Republic of Turkey, signed on February 25, 2020, in Baku.

Notably, on February 26, the Azerbaijan National Assembly approved four agreements involving visa exemption, preferential trade, financial assistance, and military cooperation with Turkey.

According to the Military Financial Cooperation Agreement with Azerbaijan, Turkey will provide TL 200 million ($29.3 million) to the Caspian country. Azerbaijan will receive products and services from Turkish defense industry companies.