Business ArticlesFeatured-Main

Turkey aims to increase Turkish presence in China to improve economic ties

"Share this post on social media, spread the news"

Turkey aims to increase Turkish presence in China to improve economic ties

“Friendship between Turkey and China has not started with establishment of diplomatic relations recently but the relationship between two countries is built on strong foundations with roots dating back to thousands of years ago. Moreover, China and Turkey have many common goals, today.

China plans to revive the historic Silk Road and has accordingly developed the Belt and Road project. Also, China considers this project as one of the primary targets of cooperation with Turkey.

It is hoped that the Silk Road, which lost its influence towards the end of the 14th century, will be real again thanks to this comprehensive project. Experts comment that this project which means much for China cannot be considered without the contribution/participation of Turkey.

Today, the dream of a continuous railroad from Beijing to London has become a reality and the goal is to increase the potential of trade thanks to this new project. This means great opportunities for Turkey, in the first place.

Experts note that the existing volume of bilateral trade between China and Turkey does not reflect the real potential. They also draw attention the balance here is in favor of China. Because US$ 25 million portion of this amount corresponds to imports of Turkey from China meaning it would not be easy at all for Turkey to balance this trade deficit.

However, regarding this issue Turkey wants to see investments of Chinese companies in Turkey and would like to introduce China giant projects here to benefit from financial facilities to be provided by this country.

On the other hand, Turkey and China signed a “Strategic Cooperation Agreement” in 2010 and China holds a very important place regarding Turkey’s 2023 targets. In this context, Turkey would like to increase cooperation with China in every field possible

Just to refresh memories, the year 2018 was recognized as TURKISH TOURISM YEAR in China and this was a great opportunity to promote Turkey in this country.

HEALTH MUSEUM VIDEO PIC 2