Russia offers joint bank, Turkey wants new quota for meat exports

Russia offered Turkey to set up a joint bank to boost trade between the two countries, Turkey foreign trade minister said on Tuesday.

Russia offers joint bank, Turkey wants new quota for meat exports

Russia offered Turkey to set up a joint bank to boost trade between the two countries, Turkey foreign trade minister said on Tuesday.

Following his meeting with Russian Deputy Premier Igor Sechin, Zafer Caglayan told reporters that he was quite positive about Russia's offer.

"Turkish and Russian companies are able to use Turkish lira and Russian ruble in their commercial activities. In this context, it is a very positive offer," Caglayan said.

"I believe a joint Turkish-Russian bank would be very advantageous to boost our trade," he said.

Caglayan also said that Turkey asked Russia to set a new quota for Turkey's white meat exports.

"We want a special quota for Turkey," he said, adding that quota limits would be clear in a few days.

On removal of visa requirements between the two countries, Caglayan described the move as a "milestone" and said that it was a historic decision.

Caglayan also said that cooperation between Turkey and Russia would continue in every sectors from energy to transportation.

On his part, Sechin said that his country was willing to improve commercial ties with Turkey.

He said Turkish and Russian official were trying to reach an agreement on entry of Turkish export goods to Russia, recalling that Sochi port would be shut down permanently.

"Sochi will never be used as a port of loading. That's why, we are trying to reach a decision with our Turkish counterparts," he said.

"If Turkey accepts, we are ready to enhance infrastructure, especially roads and railways. This is important because agricultural products and white meat shipments from Turkey must be processed and reach Russian consumers in a very short time," he said.

Caglayan said Turkish ships would be allowed to use Sochi port until September, and added that Russia would prepare some other ports and logistic centers for Turkish vessels.

However, Caglayan said Turkey and Russia could not reach a consensus on the location of new logistic centers.


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Last Mod: 12 Mayıs 2010, 11:13
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