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Trade body ends business ties, trade with Turkey & Azerbaijan

Over 125 top trade leaders from across the country have decided to boycott all forms of trade and commercial engagement with Turkiye and Azerbaijan, including travel and tourism. The decision was taken at a National Conference of Trade Leaders convened by the Confederation of All India Traders (CAIT) in New Delhi on Friday. Addressing the gathering, CAIT Secretary General and Member of Parliament Praveen Khandelwal said that it is unfortunate that Turkey and Azerbaijan, who have benefited from India’s goodwill, aid, and strategic support in times of distress, have now chosen to side with Pakistan. He added that their position not only hurts India’s sovereignty and national interest but also directly insults the sentiments of 140 crore Indians. “The financial consequences for Turkey could be considerable,” said Khandelwal, noting that industries such as furniture, food processing, mining, and textiles may be particularly affected by the trade disruption.

CAIT is a leading national traders’ body representing the interests of over 90 million traders and small businesses across India, backed by an extensive network of more than 40,000 trade associations.Key Indian exports to Turkey include refined petroleum, vehicles, steel, pharmaceuticals, precious stones, and textiles. On the other hand, India imports crude oil, marble, gold, fruits, and plastics from Turkey.India’s exports to Turkey dropped to $5.2 billion between April 2024 and February 2025, down from $6.65 billion in 2023–24, according to CAIT data. During the same period, imports from Turkey were valued at $2.84 billion, showing a modest decline compared to the previous year, 
India ships electronics, cereals, pharmaceuticals, machinery, and tobacco to Azerbaijan and receives mineral fuels, animal hides, chemicals, and cotton in return. Indian exports to Azerbaijan amounted to $86.07 million between April 2024 and February 2025, slightly down from $89.67 million in 2023–24. Meanwhile, imports rose to $1.93 million, up from $0.74 million the previous year

 


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