Kazakhstan and Turkey aim to raise trade turnover to $15 billion

Kazakhstan is ready to support Turkish companies and create favourable conditions for their business, President Kassym-Jomart Tokayev said. He made the remarks during talks with Turkish President Recep Tayyip Erdoğan in an expanded format. Tokayev said Turkey is among Kazakhstan's five largest trade partners and ten largest investors in its economy.

Tokayev noted that during Erdoğan's visit to Kazakhstan in May, the sides reached important agreements and launched projects in trade and economic, investment, and cultural-humanitarian fields. Erdoğan said Turkey intends to raise trade turnover to $15 billion and intensify investment cooperation. He said the countries would back their cooperation with practical steps at the next meeting of the Strategic Cooperation Council.

The talks covered transport and logistics, energy, artificial intelligence, agriculture, the defence industry and cultural-humanitarian ties. Tokayev also said the two countries will jointly take part in the 13th summit of the Organization of Turkic States and that he intends to attend the COP31 climate forum in Antalya. The presidents congratulated the peoples of both countries on their national holidays.