Kazakhstan and Turkey Aim for $15 Billion in Trade

Quick summary

Kazakhstan and Turkey have set a target to increase bilateral trade turnover to $15 billion, several times higher than current levels. The countries' leaders confirmed their strategic partnership and intend to expand cooperation in trade and investment.

Why it matters

Companies from both countries operating in the export-import sector should prepare for potential market expansion and new contracting opportunities over the next three years. Growth in trade turnover could lead to improvements in logistics corridors between Kazakhstan and Turkey, which will affect cargo delivery times and service costs for businesses.

Key takeaways

• ›Kazakhstan and Turkey have reaffirmed their strategic partnership at a summit in Astana.
• ›The two countries are targeting $15 billion in bilateral trade, according to The Astana Times.
• ›The meeting underscores growing economic and investment ties between Ankara and Astana.