18:13 Aug. 13, 2016
Hurriet Daily News reports on Russia-Turkey trade forecast
Turkey and Russia may attain their 0 billon trade volume target by 2019 or 2020 if the normalization trend continues, the head of the Turkish-Russian Business Council has said, as reported by Anadolu Agency.
After Turkish President Recep Tayyip Erdoğan and his Russian counterpart, Vladimir Putin, met on Aug. 9 in a critical meeting, their first since Ankara seriously strained relations by downing a Russian jet last year, the economic and trade ties between the two countries were expected to grow in gradual manner. Turkey and Russia were reinstating their annual bilateral trade target of 0 billion, Erdoğan said in the meeting.
"A number of key decisions were made in that meeting, yet the implementation of these decisions will take some time. New committees have been formed between the related ministries from both countries to run this process," said Turkish-Russian Business Council President and Anadolu Group Chairman Tuncay Özilhan.