Türkiye and Russia signed the Joint Intergovernmental Commission on Trade and Economic Cooperation (JEC) protocol Friday in Moscow, which covers the 2 international locations’ bilateral commerce and financial relations and matters similar to power, agriculture, contracting, atmosphere, training and transport.
Turkish and Russian delegations met in Moscow to carry the Turkish-Russian JEC assembly underneath the chairmanship of Turkish Trade Minister Omer Bolat and Russian Deputy Prime Minister Aleksander Novak.
Bolat and Novak signed the JEC protocol at a ceremony held after the assembly, the place financial and commerce points between the 2 international locations have been mentioned.
Bolat stated that the protocol might be a roadmap for Türkiye-Russia commerce and financial relations.
“Turkish and Russian economies, which have already proven their resilience, offer the necessary opportunities to build stronger cooperation with their complementary qualities,” Bolat stated, noting that Türkiye and Russia proceed to develop their financial relations.
Pointing out that Türkiye and Russia are essential actors and neighbors within the area, Bolat stated that the commerce and financial cooperation that the 2 international locations have developed through the years has laid the inspiration for peace and stability within the area.
Bolat stated that Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin proceed their joint efforts to additional develop these relations and attain the goal set by the 2 international locations to succeed in $100 billion in bilateral commerce.
Stating that the Turkish economic system has been rising consecutively for 19 quarters, Bolat famous that it grew by 3.2% final yr and reached a measurement of $1.3 trillion.
Bolat famous that Türkiye has elevated its export quantity from $36 billion in 2002 to $262 billion in 2024 by seven occasions.
“The undeniable potential of the Turkish economy is echoed on a global scale. As a matter of fact, the World Bank has recently revised our country’s growth forecasts upwards from 2.6% to 3.1%.”
Pointing out that the Russian economic system additionally confirmed a superior efficiency opposite to world forecasts, Bolat said that in response to the International Monetary Fund (IMF) information, it recorded 4.1% progress in each 2023 and 2024.
Source: www.anews.com.tr