Translation. Region: Russian Federal
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Deputy Prime Minister of the Russian Federation Alexander Novak and Minister of Trade of Turkey Omer Bolat, as co-chairs, held the 19th meeting of the Mixed Intergovernmental Russian-Turkish Commission on Trade and Economic Cooperation.
Among the main areas of trade and economic cooperation between Russia and Turkey, Alexander Novak singled out energy, agriculture, industrial cooperation, transport and logistics, customs cooperation, and tourism. Joint work is also underway in the fields of education, sports, information technology, and many other areas.
“Turkey is one of the three largest foreign trade partners of Russia. Bilateral trade turnover has increased 2.3 times in five years. I am confident that we will be able to maintain the positive dynamics in the future and focus on creating favorable conditions for increasing the volume of Russian-Turkish trade turnover, as well as on the implementation of existing and launching new projects. We are pleased to note the successful cooperation in the energy sector, which is a strategic area of our interaction, including in terms of the use of nuclear energy for peaceful purposes. The implementation of the flagship project for the construction of the Akkuyu NPP in Turkey continues. We are ready to implement projects on the promising agenda in any mutually beneficial format,” said Alexander Novak.
He noted that in 2024, the trade turnover between the two countries approached $60 billion. The countries are moving towards achieving the goal of increasing mutual trade turnover to $100 billion in the coming years.
“Russia and Turkey have been building strong, friendly, good-neighborly relations based on dialogue and mutual respect for a long period of history. This concerns not only trade and economic relations, but also issues of ensuring sustainable peace in the region. Our relations in the regional and international sense are developing despite difficulties, the number and quality of new joint projects in various areas, including energy, is growing every day,” said Turkish Trade Minister Omer Bolat.
Alexander Novak spoke about the prospects for deepening cooperation in agriculture, tourism and sports. To ensure access of Turkish agricultural products to the Russian market and Russian food products to Turkey, the interaction of the supervisory authorities of the two countries is expanding, and the quality of products is being monitored. The tourist flow from Russia to Turkey is growing: by the end of 2024, more than 6 million tourists from Russia visited the country. As a result of the program to promote the Russian tourism brand in Turkey, last year record figures were achieved for inbound tourism from Turkey to Russia – 101 thousand tourists.
Turkish athletes are taking part in key sporting events in Russia. By the end of the year, Russia and Türkiye expect to sign a medium-term interdepartmental plan for sporting events for 2026–2028.
At the end of the 19th plenary session of the Joint Intergovernmental Russian-Turkish Commission on Trade and Economic Cooperation, Alexander Novak and Omer Bolat signed a final protocol, which outlined key tasks in all areas of mutual interest, including encouraging investment in the economies of both countries, simplifying customs regulations, expanding industrial and energy cooperation, etc.
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