Kazakhstan and Turkey will cooperate in the development of border centers

Minister of Trade and Integration of the Republic of Kazakhstan Bakhyt Sultanov took part in the 8th Summit of the Cooperation Council of Turkic-speaking States (CCTS Summit) on the topic "Green technologies and smart cities in the digital era".

On the sidelines of the Summit, Minister Sultanov held a bilateral meeting with the Minister of Trade of the Republic of Turkey Mehmet Mush.

The sides discussed topical issues of bilateral trade, investment, cooperation in the field of customs and logistics.

Bakhyt Sultanov noted that Kazakhstan attaches great importance to the expansion of bilateral cooperation in terms of increasing the volume of trade turnover on mutually beneficial terms with Turkey.

In particular, he said that the Kazakh side is always interested in further deepening trade and investment cooperation. According to experts, the potential for increasing Kazakhstan's exports to Turkey is estimated at $598.3 million for 90 commodity items.

Bakhyt Sultanov recalled that the Presidents of Kazakhstan and Turkey set the task for the governments of the two countries to increase mutual trade to $ 10 billion a year.

Both sides noted that mutual simplification of trade procedures and the use of the transit and logistics potential of the two countries and the Free Trade Agreement on Services being developed by the countries can contribute to the early achievement of these indicators.

Minister Mush noted that the removal of barriers to trade will allow the two countries to reach a trade turnover of $ 7 billion next year.

- Our economies complement each other. Therefore, we have a huge potential to increase trade," the Turkish Trade Minister said.

One of the issues discussed at the meeting was the issues of strengthening the transit potential of the two countries, as well as increasing regional trade, including through the development of border trade and industrial centers in Central Asia.

Minister Mush expressed the readiness of the Turkish side to provide maximum assistance in the development of cross-border trade, noting Turkey's extensive experience in this matter.

Minister of Trade and Integration of the Republic of Kazakhstan Bakhyt Sultanov and Minister of Trade of the Republic of Turkey Mehmet Mush signed a Memorandum of Understanding on the development of cross-border centers of trade and economic cooperation in Kazakhstan.