Crews still trying to reach hundreds of trapped workers after Nepal flood
Rescue teams raced on Wednesday to reach dozens of workers believed to be trapped in...
According to data released by the Turkish Statistical Institute (TurkStat), between 2020 and 2024, Türkiye’s exports to Azerbaijan, Kazakhstan, Kyrgyzstan, and Uzbekistan totalled $36.6 billion, while imports from these countries reached $26 billion.
Overall, Türkiye’s trade volume with member states of the Organization of Turkic States (OTS) amounted to $62.6 billion over the past five years.
During this period, Azerbaijan exported goods worth $5.3 billion to Türkiye, mainly mineral fuels, cotton, aluminium, iron, and steel products. Türkiye’s exports to Azerbaijan totalled $12.8 billion, dominated by machinery, mechanical devices, plastics, and motor vehicles. In terms of energy cooperation, both countries transport oil and gas to Europe via the Baku–Tbilisi–Ceyhan (BTC), Baku–Tbilisi–Erzurum (BTE), and Trans-Anatolian Natural Gas Pipeline (TANAP) projects.
The opening of the Zangezur Corridor is expected to further strengthen trade relations between Türkiye and Azerbaijan by reducing logistics costs and increasing transit capacity. The corridor will also serve as an infrastructure route for energy and digital communication interconnections.
Trade with Kazakhstan over the past five years exceeded $23.4 billion, with Türkiye exporting $10.2 billion and importing $13.2 billion. Key exports include machinery, knitwear, and accessories, while imports from Kazakhstan mainly consist of copper and copper products, mineral fuels, and aluminium. In July this year, the two countries signed a railway agreement for the Middle Corridor to enhance rail freight volumes and service quality.
Trade with Kyrgyzstan reached $5.4 billion, while trade with Uzbekistan totalled $15.8 billion. Azerbaijan and Kazakhstan remain Türkiye’s main trading partners in the region.
The data was released ahead of the 12th Summit of the Council of Heads of State of the OTS, scheduled next week in Gabala, northern Azerbaijan. The summit will focus on regional peace, security, cooperation, and prosperity. The founding members of the OTS are Azerbaijan, Kazakhstan, Kyrgyzstan, and Türkiye, with Uzbekistan joining in 2019. Hungary, Turkmenistan, the Turkish Republic of Northern Cyprus (TRNC), and the Economic Cooperation Organization (ECO) hold observer status.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for 1st September, covering the latest developments.
The death toll from last week's catastrophic floods in Nepal and Tibet surpassed 1000 on Tuesday, with about 4,000 people, including 590 foreign nationals from 39 countries, still missing, as fresh rainfall pushed up river levels and forced rescuers to move to higher ground.
Rescue teams raced on Wednesday to reach dozens of workers believed to be trapped inside hydropower tunnels in Nepal's mountains, a week after a Himalayan flood killed more than 1,200 people.
Iran’s central bank governor has sought to reassure the country’s financial markets, saying Tehran has enough foreign currency reserves despite mounting U.S. sanctions and economic pressure.
The Council of the European Union has agreed to suspend import duties on a range of Armenian products for two years to support the country’s economy, after Russia imposed trade restrictions.
There's a fresh buzz around the Anaklia Deep-Water Port site this week, with the arrival of a second dredging vessel called the Al-Idrisi, which has now entered the waters off the future port to join its sister vessel, the Tristao Da Cunha.
A search-and-rescue operation is under way in the Sea of Marmara after two Turkish-flagged commercial vessels collided off Istanbul early on Wednesday, after one ship sank with 10 crew members aboard.
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