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Turkey eyes preferential trade agreements with Azerbaijan, Kazakhstan
Turkey is keen on inking preferential trade agreements with Azerbaijan and Kazakhstan. This is envisaged in the road map, developed by the Turkish Economy Ministry.
The Foreign Relations Department of the Turkish Economy Ministry told Azernews that there is no any signed agreement with Baku and Astana yet, but relevant talks have already been launched.
"Negotiations are underway. We are working to define the sectors that will be covered by the deals. Technical works on what will be included in here continue."
Asked about the possibility of increasing Turkey’s bilateral trade with Azerbaijan and Kazakhstan, the Ministry said before determining the details, one could not evaluate the potential.
"At this stage, we are working over which goods and services will be included here," the ministry noted. "After determining these issues, we will be able to make a detailed analysis."
The ministry didn’t named any date for clinching the agreements, mentioning that agreeing a preferential trade contracts generally takes a lot of time.
Turkey has already initiated the signing of agreements on free trade with Pakistan. Similar agreements are also expected to be signed with Japan, Mexico, Peru and Ukraine, Turkish media reports.
After Russia introduced economic sanctions against Turkey following the plane incident, Ankara has accelerated works on the search for alternative markets.