Türkiye goals to boost financial relations with China, its largest buying and selling companion in Asia, and to attain a extra balanced construction in commerce, Treasury and Finance Minister Mehmet Şimşek mentioned on Thursday.
Visiting Beijing for high-level talks with Chinese officers this week, Şimşek attended the second assembly of the Türkiye-China Intergovernmental Cooperation Committee (ICC) and the primary assembly of the joint working group on the harmonization of the Middle Corridor and the Belt and Road Initiative (BRI).
“We met with Chinese Vice Premier Mr. Zhang Guoqing in Beijing for the Türkiye-China Intergovernmental Cooperation Committee meeting,” the minister mentioned in a submit on X.
“We decided to increase investments between our two countries and strengthen our cooperation in financing infrastructure investments, energy, tourism, civil aviation and agriculture,” he added.
In his speech following the committee assembly, Şimşek recalled Türkiye and China’s sturdy cultural and human ties and historical civilizational pasts, which have had 1000’s of years of interplay because the western and japanese sides of the historic Silk Road, and that this widespread previous has enabled cooperation between the nations to be constructed on stable foundations.
Stating that China has stood by Türkiye throughout its tough days and that China was one of many first nations to increase a serving to hand in the course of the main earthquake catastrophe in February 2023, Şimşek expressed his gratitude to China on behalf of the Turkish folks for its help and solidarity.
He additionally famous that President Recep Tayyip Erdoğan and Chinese President Xi Jinping have resolutely superior bilateral relations in each area consistent with their widespread understanding and imaginative and prescient, mutual respect and the widespread pursuits of the peoples, and that he believes that the second ICC assembly will make a major contribution to growing cooperation between Türkiye and China and strengthening mutual political belief.
Noting that China is Türkiye’s first largest commerce companion in Asia and third largest on the earth, Şimşek mentioned, “While strengthening our trade with China, we wish to achieve a more sustainable and balanced structure. We believe that this can be achieved through increasing mutual investments, cooperation in energy, financing infrastructure investments, tourism, civil aviation and agriculture.”
Expressing satisfaction with the latest enhance in curiosity of Chinese buyers in Türkiye, Şimşek acknowledged that Ankara helps China’s Belt and Road Initiative and mentioned that they see the primary assembly of the joint working group on the Harmonization of Türkiye’s Middle Corridor Initiative and China’s Belt and Road Initiative held in Beijing yesterday as an vital improvement.
Tourism cooperation
The minister additionally identified they wished to boost cooperation within the area of tourism, emphasizing that they need to host extra vacationers from China and that growing reciprocal flights will contribute to strengthening the historic ties between the 2 nations.
Moreover, he mentioned they connect significance to strengthening cooperation with China in industrial transformation, inexperienced transformation, digital transformation, transportation, finance, tradition and well being within the coming interval.
“We think that Türkiye is a natural center of attraction for international investments,” he mentioned.
Chinese EV maker BYD inked with a Turkish authorities settlement to construct a plant in Türkiye earlier this 12 months in a deal of $1 billion, marking one of many largest investments within the latest interval.
Noting that Türkiye is the world’s seventeenth largest economic system by way of present greenback trade fee and the eleventh largest economic system by way of buying energy parity (PPP) and has grown by a mean of 5.5% in actual phrases within the final 20 years, Şimşek famous the next: “We have Customs Unions or comprehensive free trade agreements with 54 countries, including the European Union … We are integrated with a wide geography of $30 trillion. We are both close and friendly with the countries of the Balkans, the Middle East, Central Asia and North Africa.”
“We positively differentiate ourselves from similar countries with our strong infrastructure, qualified human resources and the incentives we offer.”
Chinese Vice Premier Zhang Guoqing additionally famous that China and Türkiye, as rising markets and members of the “Global South,” have broad widespread pursuits and nice potential for cooperation.
He additionally reported that commerce cooperation between the duo is creating quickly, with the commerce quantity exceeding $44 billion by 2023, doubling the 2015 determine.
Source: www.dailysabah.com