Kazakhstan and Turkey set to strengthen economic ties

ASTANA: Kazakhstan and Turkey are planning to increase trade turnover to $10 billion, Kazakh President Nursultan Nazarbayev said after talks with his Turkish counterpart Recep Tayyip Erdogan in Astana.

He added “Our task is to increase the volume of mutual trade turnover to $ 10 billion. The program is set to  implement 20 investment projects worth about 813 million dollars. Given that Turkey is a key transit country with a developed infrastructure, I invite the brotherly Turkish people to take part in the program “Nurly Zhol.”

Nazarbayev also said “Today in Kazakhstan, more than 1,600 enterprises successfully operate with the Turkish capital. Turkish business took an active part in the construction of Astana. To date, representatives of Turkish companies have performed construction works totalling $20 billion. Last year, the trade turnover between our countries totalled $2 billion.”

Turkish President Recep Tayyip Erdoğan said that cooperation between Turkey and Kazakhstan is significant for the stability and security of the region.

He pointed to the big contribution made by Kazakh President Nursultan Nazarbayev to patching up relations between Moscow and Ankara.

Both leaders voiced their target of boosting the bilateral trade volume.

“It is a must for countries such as Turkey and Kazakhstan, symbols of stability, security and prosperity in their regions, to act together against the circle of fire today,” Erdoğan said.  He added “Kazakhstan has a key location concerning the connection of Central Asia to international markets through the Caspian Sea.”

Turkey was the first country to recognize the independence of Kazakhstan on Dec. 16, 1991, and diplomatic relations were established in March 1992.