Kazakhstan and Turkey Expand Cooperation

Kazakhstan and Turkey are expanding cooperation in several key areas including investment, agriculture, light industry, transport and trade.

The trade turnover between the two countries reached US$632 million in the first three months of the year. Compared to last year, the trade value went up by more than 50%.

The parties believe that the massive growth of cooperation will bring about higher results.    

Turkish foreign minister, Mevlüt Çavuşoğlu said that Kazakhstan and Turkey need to make more effort in order to enhance cooperation and boost the investment volume.

“We want to increase the trade turnover between our countries up to US$5 billion,” he said.

There are more than 2,000 Turkish-invested enterprises in Kazakhstan. The major partnership areas in Kazakh-Turkish cooperation include military cooperation as well as projects which involve transcontinental multimodal freight traffic between Europe and Asia, including the Nurly Zhol and the Belt and Road programs.

According to Kazakh Foreign Minister Beibut Atamkulov, Kazakhstan invited Turkish investors to take an active part in the development activities and transport and logistics hub in the port of Aktau.

Meanwhile, one of the examples of Kazakh-Turkish cooperation in military industry is a joint enterprise. At the moment, the company started exporting to Turkey the military and civil defense products made in Kazakhstan.    

Experts believe that Kazakhstan and Turkey have a vast potential for tourism cooperation. Turkey’s successful experience and the outstanding natural sites of the Land of the Great Steppe open up vast opportunities for the two Turkic countries.

Photo: 365info.kz