New Era of Turkish-Russian Relations: Our exporters' visit to Russia

Turkey-Russia Business Forum and bilateral business negotiations, which is under the coordination of the Ministry of Trade and TIM organization, held in the capital of Russia Federation, Moscow on November 11-13, 2018.

TIM Chairman Ismail GÜLLE, bureaucrats of Ministry of Trade, chairmen and board members of Exporters' Associations, representatives of NGO's and 42 Turkish business people from companies operating in 20 varied sectors among construction, automotive, machinery, electric-electronic, plastic, iron-steel, tobacco, electrical appliances, textile, apparel, leather and leather products and fisheries participated in Turkey-Russia Business Forum. Deputy Minister of Trade Fatih Metin was the head of Delegation.

                Turkey-Russia Trade Delegation, where Russian Union of Industrialists and Entrepreneurs (RSPP) was a partner organization of TIM, started with a working breakfast attended by Fatih Metin, Deputy Minister of Trade of Russian Federation Alexey Gruzdev, Deputy Minister of Economic Development of Russian Federation Sergey Gorkov, İsmail GULLE, chairmen of Exporters' Associations and representatives of RSPP.

GULLE: We will increase our foreign trade volume with the win-win principle.

                Gülle, made the first speech, said that Turkish Business People came to Moscow in order to increase trade volume between Turkey and Russia with the win-win principle and this forum is important for both sides to reach the target of 100 billion dollars in bilateral trade.

METIN: Strong Turkey-Strong Russia, Strong Russia-Strong Turkey

Fatih Metin, Deputy Minister of Trade mentioned that Turkey's primarily goal is to make bilateral trade more balanced and as Ministry, they want to guide Turkish companies about new opportunities in Russia. “Our motto for the new era in our relations is “Strong Turkey-Strong Russia, Strong Russia-Strong Turkey” he said.

TURKEY-RUSSIA BUSINESS FORUM: The New Era in Economic Relations Of Turkey and Russia.

"Turkey-Russia Economic Relations in the New Era" themed business forum began with the opening speech of Alexander Shokin, President of RSPP. Shokin emphasized Russia has significant trade and investment opportunities for Turkish firms and both countries should create new areas of cooperation, especially in the high-tech sectors.

TIM Chairman GULLE especially indicated the importance of utilization of the local currencies in bilateral trade. He also added that use of local currencies between Russia and Turkey reached 2.1% in 2018 through mutual agreements and both countries should aim to minimize the speculative pressure of dollar in international trade in the coming period.

METİN: Mutual Foreign Trade Action Plan will be implemented between Russia and Turkey.

“We discussed with Russian counterparts about strong partnerships for SMEs, the implementation of the mutual foreign trade action plan, the removal of visas between Russia and Turkey and trade and investment projects carried out in third countries and decided to enlarge on this issues in Joint Economic Commission negotitations next year” Depurty Minister of Trade Fatih METİN said.

Memorandum of Understanding (MOU) was signed to increase the relations between TIM and Russian Direct Investment Fund (RDIF) in the end of forum. After the business forum which ended with the gift ceremony and group photo, B2B meetings session started with the attendance of 42 Turkish companies and 192 Russian companies. During the section, around 350 business meetings were held.

While B2B meetings were in progress, our food, textile & apparel, automotive-ship&yacht industries were introduced to Russian business people in sectoral meetings.

On the last day, our delegation visited Moscow Technopolis R & D and Innovation Center to be informed about the structure and activities of the center.

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