Discover Qazaqstan via News and Inspiring Stories
QazMonitor Logo
Facebook Qazmonitor iconInstagram Qazmonitor iconTiktok Qazmonitor iconTwitter Qazmonitor iconTelegram Qazmonitor iconYoutube Qazmonitor iconRSS
  1. Main Page
  2. News
  3. Turkiye Became Kazakhstan's 4th Largest Trading Partner
Astana, Kazakhstan • 12 September, 2023 | 08:54
1 min read

Turkiye Became Kazakhstan's 4th Largest Trading Partner

Mutual trade between the two broke a record figure of $6.3 billion in 2022

QazMonitor Logo

On September 11, the Ministers of Foreign Affairs of Kazakhstan and Turkiye, Murat Nurtleu and Hakan Fidan, discussed in Astana joint efforts within the UN, the Organization of Turkic States, and other international organizations, QazMonitor reports citing the ministry’s press service.

Both diplomats placed special emphasis on consistent investment volume increase over the years. Turkiye has invested a total of $4.7 billion in the Kazakh economy over the past thirteen years, while Kazakhstan has invested over $1.2 billion in Turkiye. Nurtleu highlighted that more than 4,000 companies with Turkish capital are successfully operating in Kazakhstan and generate profits exceeding $27 billion.

The parties also discussed the utilization of the Trans-Caspian International Transport Route and aviation cooperation. Last year alone, the number of flights between Kazakhstan and Turkiye increased from 40 flights to over 90.

“By the end of 2022, mutual trade between our countries had reached a record figure of $6.3 billion, thanks to the comprehensive measures taken by our governments and the efforts of our entrepreneurs. Türkiye has become our country's fourth-largest trading partner, following Russia, China, and Italy,” added Nurtleu.

At the end of the meeting, Kazakhstan extended an invitation to the Turkish delegation for the 10th Summit of the Organization of Turkic States, scheduled to take place in Astana this November.

Only 30% of an article published on The Qazaqstan Monitor website may be used with a mandatory hyperlink provided to indicate the original source. To re-publish the full article, written permission from the editorial is required.