Business · Trade · 15 hrs ago

Turkey and Belarus aim to raise trade to $3 billion-$4 billion

Turkey and Belarus aim to raise trade to $3 billion-$4 billion

Turkey and Belarus are seeking to increase their trade from about $2 billion to $3 billion-$4 billion.

Turkish Airlines has restarted flights between Istanbul and Minsk, which business representatives say will make visits and meetings easier.

The flights also connect passengers from Belarus through Istanbul to Turkey and other countries.

The two sides want to expand trade, including Turkey’s exports to Belarus, and explore joint production and investment.

Possible areas for cooperation include machinery, auto parts, energy equipment and industrial goods.

Representatives are also discussing alternative rail routes and ways to make trade payments easier, while saying transactions must follow international rules.

They are considering production investment in the Mogilev Free Economic Zone, and commercial talks are continuing after visits to Minsk and Mogilev.

What people are saying

Our businesspeople will be able to plan mutual visits more easily, and B2B meetings, factory visits and investment contacts will accelerate.
Fatih IşıkHead of the DEİK Turkey-Belarus Business Councilvia Sabah
Our goal is to bring together the production capabilities of the two countries in a complementary way and establish a balanced trade structure.
Fatih IşıkHead of the DEİK Turkey-Belarus Business Councilvia Sabah

Sources

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