Azerbaijani companies started exporting cotton fiber to Turkmenistan, Trend news agency reported on Tuesday, citing the Ministry of Economy of Azerbaijan.
According to the report, such companies as MKT İK, Azərpambıq, and P-Agro have established exports.
In the initial stage, 30,000 tons of cotton fiber will be sent to Turkmenistan from Baku International Sea Trade Port.
According to the Agency for the Development of Economic Zones of Azerbaijan, along with cotton fiber, other processed cotton products will also be exported to Turkmenistan in the future, which will promote the development of economic cooperation between Azerbaijan and Turkmenistan, including logistics and trade relations.
Trade turnover between Azerbaijan and Turkmenistan in January-March 2023 grew by 5.4 times ($38.92 million) to $211.88 million compared to the same period last year.