- Countries & Regions
- Trade Agreements
- About Us
- Deputy Minister
After the dissolution of Soviet Russia, Turkey accelerated its efforts to construct robust trade and economic ties with the Commonwealth of Independent States (CIS). Dominated by the imports from Russian Federation, bilateral trade links hold an integral part of Turkey’s relations with the region. As of 2011, trade volume with the CIS region increased sixfold to $ 50.1 billion from $7.8 billion in 2002.
Led by $ 30 billion bilateral investment volume between Turkey and Russia, bilateral investment relations with the CIS are also on sharp rise. Turkish companies operating in the region focus on construction, textile, ready-to-wear and food and beverage industries while Turkey attracts investment from these countries especially in energy related sectors.