Kazakhstan and Turkey have productive cooperation

Turkish President Recep Tayyip Erdogan said in Kazakhstan that the trade turnover between the two countries should be raised to $10 billion. The president expressed commitment to continue development of relations between Turkey and Kazakhstan. In his words, Kazakhstan plays an important role in connecting Central Asia and international markets through the Caspian Sea.

Eduard Poletayev, the editor-in-chief of the Mir Yevrazii (World of Eurasia) journal, noted that Turkey was a political ally of Kazakhstan, being the first state to recognize the independence of Kazakhstan. Kazakhstani and Turkish authorities have made many mutual visits, especially in the 1990s, according to the expert. Turkey was one of the first investors in Kazakhstan. The current trade turnover between the countries amounts to over $4 billion. Turkey’s investments in Kazakhstani oil and gas projects are below that of the Americans.

According to Poletayev, Kazakhstan may help Turkey deliver products to the EaEU market. Ankara may help Kazakhstani business develop trade and economic ties with Europe, considering that the EU has the highest share in the trade turnover of Kazakhstan. The expert reminded that Kazakhstani President Nursultan Nazarbayev had promoted Turkey as an associate member of the Eurasian Economic Union.

Togrul Ismail, a docent of the Faculty for International Relations at the TOBB University of Economics and Technology, said that the visit of Erdogan to Kazakhstan on the eve of the elections was a good gesture of support for Kazakhstan and President Nazarbayev in political and economic terms.

The expert reminded that the countries had signed an agreement on cooperation in the economic and socio-economic sectors. He clarified that $1 billion of the trade turnover was exports to Kazakhstan and over $3 billion was imports. Kazakhstan tends to sell raw materials. Turkey has over 100 companies that have invested over  $2 billion in Kazakhstan. Turkey is the fourth largest investor in the energy sector of Kazakhstan, positioned 17 in general.

Ismail supposes that Turkey may help Kazakhstan become more familiar with the European market. Kazakhstan will, in return, help Turkey deliver products to other countries of the EaEU.

The docent sees improvements in cooperation in the energy sector. Kazakhstani oil enters the world market through the Baku-Tbilisi-Ceyhan pipeline. The expert predicts further cooperation in the sector. The energy resources of Central Asia are very important for Ankara and strengthen its energy security. As a potential hub, Turkey needs to cooperate with Kazakhstan and Russia. Certain negotiations on the Turkish Stream are on the way.

Turkish President Recep Tayyip Erdogan said in Kazakhstan that the trade turnover between the two countries should be raised to $10 billion. The president expressed commitment to continue development of relations between Turkey and Kazakhstan. In his words, Kazakhstan plays an important ole in connecting the Middle Asia and international markets through the Caspian Sea.Eduard Poletayev, the editor-in-chief of the Mir Yevrazii (World of Eurasia) journal, noted that Turkey was a political ally of Kazakhstan, being the first state to recognize independence of Kazakhstan. Kazakhstani and Turkish authorities made many mutual visits, especially in the 1990s, according to the expert. Turkey is one of the first investors in Kazakhstan. The current trade over between the countries totals over $4 billion. Turkey’s investments in Kazakhstani oil and gas projects are below that of Americans.According to Poletayev, Kazakhstan may help Turkey deliver products to the EaEU market. Ankara may help Kazakhstani business develop trade and economic ties with Europe, considering that the EU has the highest share in the trade turnover of Kazakhstan. The expert reminded that Kazakhstani President Nursultan Nazarbayev had promoted Turkey as an associated member of the Eurasian Economic Union.Togrul Ismail, a docent of the Faculty for International Relations at the TOBB University of Economics and Technology, said that the visit of Erdogan to Kazakhstan on the eve of the elections was a good gesture of support to Kazakhstan and President Nazarbayev in political and economic terms.The expert reminded that the countries had signed an agreement on cooperation in the economic and socio-economic sectors. He clarified that $1 billion of the trade turnover were exports to Kazakhstan and over $3 billion were imports. Kazakhstan tends to sell raw materials. Turkey has over 100 companies that have invested over  $2 billion in Kazakhstan. Turkey is the fourth largest investor in the energy sector of Kazakhstan, positioned 17 in general.Ismail supposes that Turkey may help Kazakhstan become more familiar with the European market. Kazakhstan will, in return, help Turkey deliver products to other countries of the EaEU.The docent sees improvements in cooperation in the energy sector. Kazakhstani oil enters the world market through the Baku-Tbilisi-Ceyhan pipeline. The expert predicts further cooperation in the sector. Energy resources of Central Asia are very important for Ankara and strengthen its energy security. As a potential hub, Turkey needs to cooperate with Kazakhstan and Russia. Certain negotiations on the Turkish Stream are on the