Turkey and China set to increase bilateral trade


AA - Turkey and China will cooperate to further develop trade relations. Husnu Ozyegin, Chairman of the Turkey-China Business Council under the Foreign Economic Relations Board of Turkey (DEIK), met with Chinese Ambassador to Ankara, Song Aiguo, to discuss ways of developing trade ties between the two countries.


Ozyegin called for bilateral visits of executives from both countries to assess the investment opportunities available and stated that he would like to host a Chinese delegation in Istanbul and give a briefing about Turkey’s commercial opportunities.


He also told Aiguo that Turkish-Russian energy cooperation will be boosted substantially over the next five years and suggested developing similar relations between China and Turkey in the same field. Meanwhile, Ozyegin added that work is ongoing to open a representative office for DEIK in China.


Currently 67 Turkish companies have offices in China, while some 305 Chinese companies are operating in Turkey. The Turkey-China trade volume stood at USD 12.6 billion in 2008.


DEIK; husnu ozyegin; song aiguo; china; trade; commerce; turkey