ANTALYA, April 20 (RIA Novosti) - Russia and Turkey are committed to expanding mutual investment and cooperation, aiming to bring bilateral trade to $100 billion, the Russian and Turkish energy ministers said on Saturday.
The Turkish-Russian Joint Economic Committee (JEC) held its 12th Meeting in the southern province of Antalya with the participation of Turkish Energy and Natural Sources Minister Taner Yildiz and Russian Energy Minister Alexander Novak.
Yildiz said there is good potential to increase the volume of trade from the current $34 billion to $100 billion.
Around 1,500 Russian companies currently operate in Turkey while Turkish contractors are involved in projects in Russia worth a total of $50 billion, he said, according to the Hurriyet daily.
He also said Turkish-Russian cooperation could continue in third countries.
Yildiz and Novak signed a JEC protocol prioritizing the diversification and expansion of bilateral trade and the creation of an investor-friendly environment in order to achieve the $100 billion target.
Add to blog
You may place this material on your blog by copying the link.
Russia and the West Have Conspired to Tear Ukraine Apart. Both Sides Must Stand Down Now or Face the Consequences
We’re now witnessing the consequences of how grossly both Russia and the West have overplayed their hands in Ukraine. It is urgently necessary that both should find ways of withdrawing from some of the positions that they have taken. Otherwise, the result could very easily be civil war, Russian invasion, the partition of Ukraine, and a conflict that will haunt Europe for generations to come.