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Russia, Turkey negotiate deals worth $820 million

23 August 2017 [17:11] - TODAY.AZ

By Azernews


By Ali Mustafayev

Russian and Turkish businesses have concluded preliminary agreements on contracts, the total worth of which is approximately $820 million.

Russian Deputy Industry and Trade Minister Georgy Kalamanov announced that the details of the agreements were discussed within the framework of the 86th Izmir International Fair, Sputnik reported.

The International Fair with a theme "Innovation — Energy" was held on August 18-22 with participation of more than 45 Russian companies from different sectors of economy, including energy, coal and oil production, agriculture, construction and engineering, metal working and metallurgy, and tourism,  presenting their products and services.

"There has been a tight schedule of meetings during the whole period of the exhibition. The Russian Export Center alone hosted at least 196 meetings, which resulted in negotiations of contracts worth nearly $820 million," Kalamanov stated.

The deputy minister added that over course of the fair, Russia presented several new helicopters models, emergency equipment for miners, the newest machine tool equipment as well as an updated series of GAZ vehicles.

He also pointed out that interregional cooperation had become a new direction for bilateral collaboration. Kalamanov noted that apart from general exposition of the Russian Federation, joint exhibitions of the Tula, Lipetsk, Voronezh Regions, the Stavropol Territory, and the Republics of Tatarstan and North Ossetia were displayed at the Fair.

"Over 45 companies from different sectors of economy, including energy, coal and oil production, agriculture, construction and engineering, metal working and metallurgy, and tourism, have presented their products and services within the framework of the Fair," Kalamanov said.

"Russia is interested in increasing exports of industrial products and finding a mutually acceptable solution to eliminate the factors that impede our trade and industrial cooperation. One of the most important problems is the high level of [Turkey's] anti-dumping, special protective and import customs duties, for example, on metal products, fertilizers, tires, kitchen appliances, cosmetics, copper wire and other goods," Kalamanov said in Izmir.

The official is sure that the solution can be reached within the agreement on granting a preferential trade regime in the context of the development of mutually beneficial cooperation between Russia and Turkey, considering the positive momentum set by the leaders of the two countries.

"We presume that the conclusion of such agreements will favorably affect trade and investment cooperation between the member states of the Eurasian Economic Union [EAEU], including between Russia and Turkey," the deputy minister added.

Previously, Ankara expressed its willingness to sign customs agreement with the Eurasian Economic Union in a bid to step up cooperation with the strategic trade ally- Russia.

Turkish Economy Minister Nihat Zeybekci stated that Turkey and Russia complement each other and are not competitors, adding that the level of bilateral trade between the two countries increased by 30 percent during the previous year and it’s “just a beginning”.

URL: http://www.today.az/news/regions/164332.html

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