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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Marten Alkhagen
Swerea IVF AB

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search