Kazakhstan, Turkey to triple trade turnover
Azerbaijan, Baku, May 23 / Trend E. Kosolapova /
Kazakhstan and Turkey plan to increase trade turnover to $10 billion in the near future, Turkish Prime Minister Recep Tayyip Erdogan said during the Kazakh-Turkish business forum in Astana on Wednesday, Novosti-Kazakhstan reported.
"We are confident that we can bring the turnover to $10 billion in a very short period," Erdogan said.
The trade turnover between Kazakhstan and Turkey hit $3 billion in 2011.
According to the Turkish Prime Minister, Turkey plans to establish a joint industrial zone with Kazakhstan and the two countries' departments have already held talks on this issue.
"We hope we will create a joint industrial zone. I believe all necessary documents on this issue will be signed," Erdogan said.
Moreover, Turkey is ready to launch new enterprises in Kazakhstan in the sphere of oil, communication, textile and food industries, Turkish Prime Minister said.
Erdogan also invited Kazakh businessmen to invest in the Turkish economy, promising them government support.
"We are ready and will be happy to provide appropriate incentives to attract foreign investors to Turkey," he said.
Moreover, Erdogan urged to increase the number of flights between the two republics.
"Today we have ordered our ministers to hold talks on boosting cooperation in this regard," Erdogan said.