Turkish exports to Shanghai Cooperation Organization (SCO) member nations have skyrocketed, growing 85% during the last 5 years, in keeping with an Anadolu Agency (AA) report on the eve of the SCO assembly in Astana this week.
Accordingly, the exports from Türkiye to those nations surged from a worth of $14.1 billion (TL 459.3 billion) in 2019 to almost $26.1 billion in 2023.
The share of those nations in Türkiye’s general exports final 12 months was 10%.
Türkiye’s imports from SCO member nations reached $106.3 billion final 12 months, round double the $55.6 billion complete in 2019.
President Recep Tayyip Erdoğan and different officers, together with Energy and Natural Resources Minister Alparslan Bayraktar, Treasury and Finance Minister Mehmet Şimsek, Trade Minister Ömer Bolat, and chief advisor on international coverage and safety to the president, Ambassador Akif Çağatay Kılıç, are attending the two-day summit within the capital of Kazakhstan.
In addition to power agreements made by the SCO member states, which management a good portion of the world’s pure gasoline reserves, the advantages of transportation and infrastructure tasks connecting the nations are additionally noteworthy.
In this context, Türkiye is taking part in China’s Belt and Road Initiative (BRI) mission.
In addition, an settlement on a China-Kyrgyzstan-Uzbekistan railway mission, which is deliberate to be constructed beneath the initiative, was signed final month.
Türkiye’s current growth of political relations with the SCO member nations, which include almost half of the world’s inhabitants, has caused optimistic business and financial repercussions.
The SCO was based in 2001 with Russia, China and Central Asian powers and later included India, Iran and Pakistan. Its newest addition consists of Belarus, which on Thursday formally joined the group to develop into its tenth member state. There are two different observer states, Afghanistan and Mongolia, and 14 dialogue companions, together with Türkiye.
Before Erdoğan visited the summit, the president had contacts with the nations members, together with his journey to Russia final September. Last 12 months, he additionally visited Kazakhstan to attend the tenth summit of the Organization of Turkic States (OTS) and Uzbekistan to attend the sixteenth Summit of the Economic Cooperation Organization (ECO).
As a part of the distinguished visits on the ministerial degree, Industry and Technology Minister Mehmet Fatih Kacır held contacts in China within the final month of final 12 months. Later, in May, Türkiye’s power and international ministers additionally visited China and held high-level conferences.
Turkish delegation on the SCO Astana summit has since Wednesday held a number of talks with different attendees and delegations, together with an inter-delegation assembly with Russia, a trilateral Azerbaijan-Türkiye-Pakistan assembly, a delegation assembly with Qatar, along with different ministerial contacts.
Source: www.dailysabah.com