Turkish, Kazakh business leaders meet
Turkey deepened it economic ties with Kazakhstan last week after leading businessmen from both countries met in Istanbul and agreed to establish a Joint Chamber of Commerce with the goal of promoting commercial cooperation.
A delegation consisting of members of the Ministry of Investment and Development of the Republic of Kazakhstan, the Chamber of National Entrepreneurs (ATAMAKEN) and Kazakhstan’s International Chamber of Commerce arrived in Turkey on November 5, along with representatives Kazakhstan’s major economic sectors, including energy, construction and mining, to meet with more than 70 Turkish businesspeople. Vice Chairman of the International Chamber of Commerce of Kazakhstan, Nuraly Bukeikhanov, who chaired the delegation, announced the joint initiative, which will be established in cooperation with The Union of Chambers and Commodity Exchanges of Turkey (TOBB), and will open first in Istanbul and then in Astana. In November, a Turkish Industrial Zone will also be established in Almaty.
Speaking at the opening of the meeting, Bukeikhanov pointed out that Turkey and Kazakhstan have had bilateral trade relations since the latter gained independence from the former Soviet Union in 1991. The Joint Chamber of Commerce aims to increase trade and to form joint consortiums. In addition, both countries are expected to benefit from better access to export and trade opportunities in China, Russia, Europe and the Middle East, especially in the other Turkish Republics.
Focus on pr or ty sectors
Bukeikhanov stated that existing entrepreneurial communities help strengthen business ties and promote partnerships in new sectors. According to official data, the trade turnover between Turkey and the Republic of Kazakhstan in 2017 amounted to $1.8 billion, he added. “In order to increase trade, a Turkish Industrial Zone will be established in Almaty in November. There will be advantages in land, infrastructure, electricity and taxes and there will be privileges for priority sectors to enter the market,” he said.
Ecolog cal products prov de potent al
Bukeikhanov pointed out that ecologically-friendly agricultural products in Kazakhstan may be tempting for Turkey and listed potential areas of cooperation including meat products, grains and legumes (lentils, chickpeas, mung beans and peas), vegetable oil, honey, construction materials, pharmaceutical products and heavy machinery equipment. “In these bilateral meetings, Turkish companies claimed oil and gas preparation equipment, metal structures, products for the pharmaceutical and medicine industry, grain and lentils are coming,” he said.