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Turkey seeks $100 billion trade volume with Russia by 2020
22 November 2013 /TODAY'S ZAMAN, İSTANBUL
Turkish Prime Minister Recep Tayyip Erdoğan has said Turkey is planning to increase its trade volume with Russia to $100 billion by 2020, an ambitious goal part that is part of Ankara's bid to be ranked among the world's 10 largest economies.
Erdoğan said ahead of a Turkey-Russia High-Level Cooperation Council (ÜDİK) meeting in the Russian city of St. Petersburg on Friday that relations between the two nations are at an excellent level and that officials from both have sought ways to further advance economic and political ties.
Turkish Foreign Minister Ahmet Davutoğlu, Energy Minister Taner Yıldız, Economy Minister Zafer Çağlayan, Transportation Minister Binali Yıldırım and Culture and Tourism Minister Ömer Çelik are participating in the summit. Noting that military, commercial and economic relations with Russia are improving, Erdoğan said they plan to reach a trade volume of $100 billion by 2020 from the current $35 billion. He added that thanks to efforts by politicians and the contributions of entrepreneurs, Turkey can achieve this goal.
Trade volume between Russia and Turkey was slightly more than $5 billion a decade ago, and it has seen exponential growth every year. In a joint news conference with Russian President Vladimir Putin on Friday, Erdoğan confirmed his earlier remarks on the 2020 trade volume goal and said there is no barrier to accomplishing that target despite a slight drop in trade volume in the first nine months of this year. During the news conference, Putin said the number of Russian tourists who visited Turkey last year was 3.6 million and that he discussed ways to increase this number to 4 million. Erdoğan said that the number of Russian tourists to visit Turkey annually will reach 4 million and that he thinks the number of Turkish tourists to visit Russia may also increase as a result of Russian cultural events in Turkey. He added that Ankara is ready to lend any type of support to Moscow's plan to build a cultural center in Ankara. He said Turkey also has plans to open a cultural center, to be called the Yunus Emre Institute, in Moscow.
According to Erdoğan, bilateral relations are advancing better than the year before, and the two leaders discussed ways to improve ties. He praised Turkish investors in Russia, which he said are currently undertaking work worth $50 billion, particularly in the construction sector. Erdoğan attached particular importance on the energy cooperation and hailed Russia for constructing Turkey's first nuclear plant. He said the commercial ties in the field of finance with mutual investments are also noteworthy. The sub-committees of ÜDİK -- the Joint Strategic Planning Group, co-chaired by Davutoğlu and his Russian counterpart, Sergey Lavrov, and the Russia-Turkey Intergovernmental Joint Economic Commission, co-chaired by Yıldız and Russian Minister of Energy Alexander Novak -- held preparation meetings before the summit.
Putin and Erdoğan also had a bilateral meeting before one they attended with their delegations. Putin said that Turkish-Russian relations are moving forward at a “nice pace” despite a lack of direct engagement. He noted that Friday's meeting will not halt this progress and added that their goal is to contribute to the already fast-moving progress in relations.
Turkey and Russia have been at odds over the Syrian crisis, with Ankara leading calls for Syrian President Bashar al-Assad's departure and Moscow favoring an Assad-led transition.
Turkey seeks $100 billion trade volume with Russia by 2020 - Today's Zaman, your gateway to Turkish daily news[/quote]
Trade is allways good,we should have trade relations with ''all''our neighbors.
22 November 2013 /TODAY'S ZAMAN, İSTANBUL
Turkish Prime Minister Recep Tayyip Erdoğan has said Turkey is planning to increase its trade volume with Russia to $100 billion by 2020, an ambitious goal part that is part of Ankara's bid to be ranked among the world's 10 largest economies.
Erdoğan said ahead of a Turkey-Russia High-Level Cooperation Council (ÜDİK) meeting in the Russian city of St. Petersburg on Friday that relations between the two nations are at an excellent level and that officials from both have sought ways to further advance economic and political ties.
Turkish Foreign Minister Ahmet Davutoğlu, Energy Minister Taner Yıldız, Economy Minister Zafer Çağlayan, Transportation Minister Binali Yıldırım and Culture and Tourism Minister Ömer Çelik are participating in the summit. Noting that military, commercial and economic relations with Russia are improving, Erdoğan said they plan to reach a trade volume of $100 billion by 2020 from the current $35 billion. He added that thanks to efforts by politicians and the contributions of entrepreneurs, Turkey can achieve this goal.
Trade volume between Russia and Turkey was slightly more than $5 billion a decade ago, and it has seen exponential growth every year. In a joint news conference with Russian President Vladimir Putin on Friday, Erdoğan confirmed his earlier remarks on the 2020 trade volume goal and said there is no barrier to accomplishing that target despite a slight drop in trade volume in the first nine months of this year. During the news conference, Putin said the number of Russian tourists who visited Turkey last year was 3.6 million and that he discussed ways to increase this number to 4 million. Erdoğan said that the number of Russian tourists to visit Turkey annually will reach 4 million and that he thinks the number of Turkish tourists to visit Russia may also increase as a result of Russian cultural events in Turkey. He added that Ankara is ready to lend any type of support to Moscow's plan to build a cultural center in Ankara. He said Turkey also has plans to open a cultural center, to be called the Yunus Emre Institute, in Moscow.
According to Erdoğan, bilateral relations are advancing better than the year before, and the two leaders discussed ways to improve ties. He praised Turkish investors in Russia, which he said are currently undertaking work worth $50 billion, particularly in the construction sector. Erdoğan attached particular importance on the energy cooperation and hailed Russia for constructing Turkey's first nuclear plant. He said the commercial ties in the field of finance with mutual investments are also noteworthy. The sub-committees of ÜDİK -- the Joint Strategic Planning Group, co-chaired by Davutoğlu and his Russian counterpart, Sergey Lavrov, and the Russia-Turkey Intergovernmental Joint Economic Commission, co-chaired by Yıldız and Russian Minister of Energy Alexander Novak -- held preparation meetings before the summit.
Putin and Erdoğan also had a bilateral meeting before one they attended with their delegations. Putin said that Turkish-Russian relations are moving forward at a “nice pace” despite a lack of direct engagement. He noted that Friday's meeting will not halt this progress and added that their goal is to contribute to the already fast-moving progress in relations.
Turkey and Russia have been at odds over the Syrian crisis, with Ankara leading calls for Syrian President Bashar al-Assad's departure and Moscow favoring an Assad-led transition.
Turkey seeks $100 billion trade volume with Russia by 2020 - Today's Zaman, your gateway to Turkish daily news[/quote]
Trade is allways good,we should have trade relations with ''all''our neighbors.