Home / Knowledge / News / Azerbaijan to emerge as potential market after Russia
Azerbaijan to emerge as potential market after Russia
Sep '08
In response to the restriction imposed on Turkish goods by Russia, Turkey has started carrying out extra border inspections of Russian goods from September 1.

Experts believe that this move is largely a result of growing difference in foreign policies of the two countries. However, Mr Cemil Cicek, Deputy Prime Minister of Turkey, seemed hopeful that the trade conflicts between the two countries would be resolved during the scheduled visit of Russian Foreign Minister, Sergei Lavrov.

Bilateral trade volume between Turkey and Russia is estimated to touch US $38 billion by the end of this year. While Turkish investment in Russia is around $5 billion, Russian construction projects taken up by Turkey are worth more than $25 billion.

Even last year, Turkish exports to Russia reached $4.7 billion with goods including synthetic thread, textiles and jewelry. On the other hand, Turkey imported goods worth $23.5 billion.

While some experts believe that trade row between Russia and Turkey would not have any severe impact on the domestic market of Azerbaijan, other are of the opinion that commercial tension between Russia and Turkey will unquestionably have massive influence on the domestic markets of the both countries, especially Turkey.

With regard to Azerbaijan, it is believed that the conflict between the two nations is likely to help it become an alternative for Turkish exports which in turn would bring down the prices of goods imported by Azerbaijan.

Must ReadView All

Amazon debuts on Fortune 500 top 10 list

Apparel/Garments | On 28th May 2018

Amazon debuts on Fortune 500 top 10 list

American e-marketplace Amazon has cracked Fortune 500’s top 10 list...

Courtesy: Ralph Lauren

Fashion | On 28th May 2018

Ralph Lauren posts Q4FY18 revenue at $1.5 billion

Ralph Lauren, a global leader in the design, marketing, and...

Fashion industry employs 300 mn workers globally: Report

Apparel/Garments | On 28th May 2018

Fashion industry employs 300 mn workers globally: Report

The fashion industry employs over 300 million people across the value ...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search