Turkey 'happy with level of economic coop with Kazakhs'

Turkish Industry and Trade Minister said his government was happy about where Turkish-Kazakh economic cooperation reached.

Turkey 'happy with level of  economic coop with Kazakhs'

Turkish Industry and Trade Minister, Nihat Ergun, said Friday his government was happy about where Turkish-Kazakh economic cooperation reached.

Speaking at the Turkish-Kazakh Business and Investment Forum in Istanbul, Ergun said that Turkish-Kazakh economic relations were not at the potential level.

Turkish contractors assumed 291 projects in Kazakhstan worth around 10 billion USD, Ergun said.

Turkey ranks 15th as the country with most investments in Kazakhstan. Turkey's direct investments in Kazakhstan were worth 1.6 billion USD, Ergun said.

When we look at the economic and commercial relations between Turkey and Kazakhstan, the existing trade volume does not reflect the actual potential, Ergun stressed.

Turkey's exports to Kazakhstan in the first eight months of 2009 were worth 402 million USD and imports from Kazakhstan were worth 690 million USD in the same term, Ergun noted.

We have to display a common will to further promote economic relations between our two countries, Ergun also said.

AA
Last Mod: 24 Ekim 2009, 17:27
Add Comment