Kazakh President meets with Turkish President

Kazakh President Nursultan Nazarbayev held bilateral talks with Turkish President Recep Tayyip Erdogan at  the Third Meeting of the High-Level Strategic Cooperation Council
Kazakh President meets with Turkish President
17 September 09:39 2018 Print This Article

Turkey is among Kazakhstan’s top 10 trading partners and trade between the two countries grew 27 percent in 2017.

Nazarbayev said Kazakhstan should utilise the intergovernmental commission between Kazakhstan and Turkey, develop new conditions for investment partnership and optimise Kazakhstan’s transit potential under the Nurly Zhol infrastructure programme to make Kazakhstan a leading logistic hub in Central Asia.

 

Following a visit to the Kulliye presidential complex in Ankara and meeting with his Turkish counterpart, the two leaders, Kazakh and Turkish delegations sat for the Strategic Cooperation Council meeting.

Kazakhstan is one of Turkey’s most important strategic partners:  Nazarbayev noted that 1,800 businesses operating Kazakhstan with Turkish capital, and annual trade volume has reached $2 billion. He said the sides agreed on a new goal of $5 billion.

The Kazakh President and Turkish industry leaders reviewed the interim results of New Synergy Joint Programme, which supports entrepreneurs. The programme has helped launch 23 projects totaling $800 million and created 3,000 jobs.

Nazarbayev also invited Turkish companies to invest in transportation and logistics businesses at Kazakhstan’s Aktau and Kuryk ports.

One day before Nazarbayev’s visit, a Kazakh delegation led by Deputy Prime Minister Askar Mamin participated in the Kazakh-Turkish Investment Forum and signed 24 commercial agreements totaling $1.7 billion. The agreements are in the non-resource sector of Kazakhstan’s economy and are expected to create 3,000 jobs.

The agreements involve chemical industries in Zhambyl region, real estate projects to develop Almaty’s downtown, as well as a large greenhouse project in Turkestan region.

Turkish companies expressed interest in exploring opportunities offered by Kazakhstan’s political stability, growing infrastructural capacity in conjunction with China’s Belt and Road Initiative and the opportunities of the Astana International Financial Centre.

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