Turkey ratified the free trade agreement with Azerbaijan on Tuesday, according to a notice issued in the Official Gazette, Anadolu news agency reported. The deal was signed on Feb. 25, 2020 in Azerbaijan’s capital Baku.
As the source reminded, Turkey and Azerbaijan’s bilateral trade volume was around $2 billion last year, with Turkey’s exports of $1.7 billion and imports of $300 million, according to the Turkish Statistical Institute data.
Turkey’s main exports to Azerbaijan include machinery, mechanical appliances, and construction materials.
Turkey has over 20 free trade agreements currently.
