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Turkiye, Kazakhstan to achieve $10-bn annual bilateral trade volume

16 May '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

Turkiye and Kazakhstan recently announced continuing their solidarity on platforms like the United Nations Economic Cooperation Organisation and the Organisation of Turkic States. As Kazakh President Kassym-Jomart Tokayev arrived in Ankara on an official visit, President Recep Tayyip Erdogan said both sides will achieve their targeted $10-billion in annual bilateral trade.

Both the leaders addressed a joint press conference.

"The trade volume between Turkiye and Kazakhstan rose 58 per cent from the previous year and exceeded $5.3 billion. Thus, we have quickly surpassed our target of $5 billion," Erdogan said.

"Now, hopefully, we will reach the target of $10 billion just as quickly with the steps we take together," he said.

Erdogan called over a dozen agreements signed between the two sides ahead of the press conference ‘steps that will further strengthen the foundation of our relations’.

The agreements cover such areas as transportation, the defense industry, military intelligence, information technology, culture, agriculture, trade, customs, environment, education, youth and communications.

The visit comes as the countries mark 30 years of establishment of diplomatic ties in March 2, 1992.

ALCHEMPro News Desk (DS)

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