Trade Minister Ruhsar Pekcan stated that they want to make bilateral trade a more sustainable and balanced structure by enabling higher value added exports to China and said, "We invite Chinese companies to invest in our country." used expressions.
Minister Pekcan met with Chinese Trade Minister Zhong Shan via teleconferencing method.
In the meeting that lasted 1,5 hours, the bilateral trade relationship, ensure that it has a balanced structure of trade, the Joint Economic Commission (JEC) agenda, trade with local money, Belt and Road Initiative, e-commerce, issues such as Turkey's exports of agricultural products were discussed.
The meeting also discussed the World Trade Organization (WTO) reform, customs, cooperation in the field of civil aviation, specialized free zones, facilitating commercial visas.
Minister Pekcan, at the beginning of his speech, expressed his condolences to the families who lost their relatives due to the new type of coronavirus (Kovid-19) outbreak in China, and that the transition to the normalization process of life in Wuhan and other parts of the country is an important indicator of China's success in this regard.
That Turkey has both health and is one of the most competitive countries the epidemic commercial and economic measures taken by pointing Pekcan, "this challenging process of mutual support and cooperation of our countries, I believe that we jumped in as soon as possible." found the assessment.
between China and Turkey in 2001 to 1,1 billion dollars in bilateral trade volume in 2019 to 21 billion 854 million that the information reached $ Pekcan, but China last year, ranked second with 20,8 percent among the countries that gave Turkey's foreign trade deficit reported that it took place.
Pekcan continued: “We want to make our bilateral trade more sustainable and balanced by enabling higher value-added exports to China. In this context, we have determined that we have significant export potential to China in many product groups such as shoes, garment products, ceramic materials, olive oil, and some agricultural products. In addition, the Ministry for which products in China will be able to supply from Turkey have made a study on the site. Motor vehicles and parts of China, especially in this context, medical equipment, electric-electrical machinery, the supply of certain products, mainly agricultural products, some of them think they can do the good quality and favorable conditions of Turkey. We are ready to cooperate with China on this matter. Based on these potential products, we want to bring our business circles together and create collaboration opportunities within the framework of the product groups we have identified. ”
Inviting Chinese firms to invest
China was by far the Pekcan striking limited direct investment realized in Turkey, quality human capital pool, located ideally the potential to become a regional center for Turkey's Chinese global companies with a flexible system of incentives offered by the Customs Union relations and investors with the European Union that voiced.
R & D and technology high content, high value-added goods and services production activities, export-targeted as Pekcan reminded that they create zones free specialization will permit their cluster, which further accelerate international cooperation that they will do under the roof and Turkey to become a global center in this field He said they wanted to bring.
Pekcan, China and specialized firms in this context, Turkey has invited investment in the free zones.
“Trade with local currencies should be increased”
Between the two countries increasing need emphasizing that Pekcan trade with the local currency, said the company located in traders or investment relations with China in Turkey they have a policy in intensity towards the promotion of performing transactions through local currencies.
Ministers Pekcan, Turkey's trade deficit with countries where the local currency in trade and import regulations that start to take decisive action and has announced it will continue with these steps.
talks held at various levels previously with the Chinese authorities said that they discussed the issue of promoting trade through local currencies Pekcan, "the Chinese government, the trade that Chinese firms with Turkey, we expect a clear orientation and encouraged to use local money." used expressions.
Pointing out that global cooperation is also very important in the fight against Kovid-19, Pekcan made the following assessment:
“Kovid-19 once again demonstrated how dependent we are as all countries. In this exceptional period, we see that the importance of e-commerce, transportation and logistics services, basic services such as telecommunication and online payment services for our economies are more prominent in meeting the daily functions of health services. We, as Turkey, we agreed in May 'We support the Covidien-19 Fighting until the end of the world to Support Actions, the G20 Trade and Investment. Likewise, it is important to accelerate the implementation of the WTO Trade Facilitation Agreement. We believe that a free, open, non-contact and rule-based international trade system will play a major role in reducing the negative effects of the measures taken to control the pandemic. ”
Cooperation within the scope of Belt and Road Initiative
Belt and Road Initiative Project, with Caravanserai also touches on Pekcan, "Turkey as a generation under the roof of a road, the Caspian Migration Corridor (Central Corridor), we believe it is important. In this direction, we are ready for the necessary cooperation. On the Baku-Tbilisi-Kars (BTK) railway line, we increased the cargo output, which was 4 tons per month, to 200 tons per month during the epidemic. It is very important to support the BTK line in a way to serve bilateral trade between our countries under the roof of the Middle Corridor and the Belt and Road Initiative. Kovid-28 once again revealed the importance of this line. We are ready to work with China in infrastructure projects in our country. ” used expressions.
Pekcan said that they want Turkish companies to take an active part in the projects to be carried out with the financing of Asya Yatırım ve Infrastructure Bank (AIIB).
“Barriers to export of agricultural products should be removed”
On the other hand the while Pekcan Expressing satisfaction with the opening, poultry meat to this country from Turkey, lemons and other citrus fruits, pomegranates, fresh grapes, apples, initiating a moment ago of the waiting process for the export of products such as fresh figs and they expect the removal of obstacles to the export of agricultural products expressed.
Minister Pekcan also said that a streamlined commercial visa process is needed for a stronger economic and commercial relationship between the two countries.
“Making KEK meeting in virtual environment” offer
Reminding that the KEK meeting, which is planned to be held in February under their co-chairmanship, could not be held due to the epidemic, Pekcan offered to hold the 17th Term KEK Meeting online with the participation of representatives of relevant Turkish and Chinese institutions and organizations.
Pekcan emphasized that they want to determine the road map for the future period of commercial and economic relations between the two countries together with the KEK meeting, establishing a joint trade and investment working group between the two countries, establishing cooperation in the fields of e-commerce, agricultural products trade, a joint specialized free zone and a customs committee. stated that they expect the memoranda of understanding on issues such as financial information exchange to be signed on the occasion of KEK.
Chinese Minister Zhong Shan also stated that they had an extremely positive and productive meeting and that they are ready to work together to further develop bilateral economic and trade relations, to stabilize trade and to increase mutual investments. Minister Zhong Shan emphasized that they found the proposal to hold the KEK meeting online very positive, adding that he would instruct the work to begin as soon as possible.
Chinese Minister Zhong Shan counterpart Pekcan and Turkish companies, will be held on November 5-10 in Shanghai and deem important for Turkey's exports to China, "China International Import Expo" invited na.
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