Turkey said it is targeting a more sustainable and balanced trade relationship with China by providing high value-added exports.
On Friday, Turkey’s Trade Minister Ruhsar Pekcan said that she had held some phone discussions with his Chinese counterpart Zhong Shan, addressing bilateral trade, the use of local currencies in trade, Beijing's Belt and Road Initiative, agricultural exports and the agenda of a joint economic commission between the two countries.
The two ministers also discussed the World Trade Organization (WTO) reform, customs issues, cooperation in civil aviation, specialized free zones, and the facilitation of commercial visas.
Pekcan offered Chinese firms to invest in the research and development, high-tech and high value-added activities zones as the country aimed to speed up international cooperation and become a global hub.
She also stated that Turkey is ready to cooperate in the Road and Belt Initiative.
According to the minister, the bilateral trade volume between Turkey and China surged to 21.6 billion in 2019, up from 1.1 billion in 2001.
China could purchase specific products such as motor vehicles, medical equipment, electrical machinery, and agricultural products from Turkey, she said.
Tags: AlwaysFree,Asia Pacific,Central and East Europe,China,English,Europe,NEA,Turkey
Published on June 15, 2020 4:31 PM (GMT+8)Last Updated on June 15, 2020 4:31 PM (GMT+8)
