Russian and Turkish Presidents met with representatives of the two countries’ business communities, the web page of the Russian President reports and cites him as saying that “Last year, bilateral trade increased by 16%, reaching $25.5 bln. Trade in agriculture in 2018 was up 7%, reaching $3 bln. Mutual investment stands at about $20 bln.”
According to the President, “Russia and Turkey maintain close cooperation in energy. Flagship projects include the TurkStream pipeline and the Akkuyu Nuclear Power Plant. Russian companies like Lukoil and Rosneft have earned a good reputation in the Turkish market. Power Machines is taking part in modernizing Turkish hydroelectric power stations. United Engine Corporation is spending quite a bit of money and effort to ensure the reliable operation of the Turkish gas transit infrastructure. In turn, Turkish builders are active in the Russian market. They have fulfilled about 2K contracts worth in the aggregate some $70 bln.”
“The business circles of the two countries have a lot of potential in high-tech, pharmaceuticals, agricultural and transport equipment manufacturing, ship and aircraft construction, as well as the development and launching of space vehicles,” he believes.