Trump says additional talks with Iran expected on Friday
Tensions between the U.S. and Iran are escalating, with Washington ordering a significant military build-up in the region and multiple countries evacu...
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.
Tensions between the U.S. and Iran are escalating, with Washington ordering a significant military build-up in the region and multiple countries evacuating diplomatic staff amid fears of further instability.
The death toll from heavy rains and flooding in Brazil’s Minas Gerais state has risen to 46, authorities said, with 21 people still reported missing. The storms triggered landslides and widespread flooding, displacing thousands across Juiz de Fora and Uba.
The situation in Cuba was heating up and called for restraint following a deadly incident involving a Florida-registered speedboat off the coast of the Caribbean island, the Kremlin said on Thursday (26 February).
Syria’s economy is showing clear signs of recovery, with economic activity accelerating in recent months, the International Monetary Fund (IMF) said on Wednesday.
Pakistani air strikes hit a weapons depot on the western outskirts of Kabul overnight, triggering hours of secondary explosions that rattled homes across the Afghan capital and left residents fearing further violence.
Abdullah Öcalan, the jailed leader of the outlawed Kurdistan Workers’ Party (PKK), issued a statement on Friday (27 February) calling on Ankara to adopt legislation aimed at promoting political inclusion.
Pakistani air strikes hit a weapons depot on the western outskirts of Kabul overnight, triggering hours of secondary explosions that rattled homes across the Afghan capital and left residents fearing further violence.
Pakistan’s declaration of an “open war” with Afghanistan must be understood in the context of months of escalating violence, regional analysts have said, describing the latest developments as a significant shift in the nature of the conflict.
Israeli strikes killed five people in Gaza on Thursday (26 February), according to health officials in the territory. The Israeli military said separately that it had killed a militant who posed an imminent threat to its forces in southern Gaza.
Iran’s Foreign Minister Abbas Araghchi on Friday urged Afghanistan and Pakistan to resolve their differences through dialogue, offering Tehran’s assistance to facilitate understanding between its eastern neighbours.
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