Kazakhstan-Turkey to increase bilateral trade volume up to $10 bln

Kazakhstan and Turkey signed an action plan within New Synergies program. The program envisages increase of bilateral trade volume up to $10 billion and annual $500-million increase in volume of investment, Kazakh presidential press-service reported.

“We hope that the Turkish investors will continue to work actively in Kazakhstan. Today we discussed the establishment of the Kazakh-Turkish industrial zones. Also it was agreed to increase the efficiency of the economic commission of the two countries,” Kazakh President Nursultan Nazarbayev said at the press-conference following a meeting with Turkish Prime Minister Recep Tayyip Erdogan.

According to Nazarbayev, the today’s Kazakh-Turkish business forum opens up great opportunities for development of business partnership between the two countries. Some 50 representatives of Kazakh companies and 600 representatives of Turkish companies will take part in the forum. Some 13 bilateral agreements worth $1 billion are expected to be signed within the forum.

In turn, Turkish Prime Minister Recep Tayyip Erdogan said that Kazakh President’s visit raised the relationship between the two countries to a new level.