20:48 GMT +321 November 2019
Listen Live
    Turkish Economy Minister Nihat Zeybekci

    Turkey-Russia Free Trade Agreement May Be Signed in Late 2017

    © Sputnik / Evgeny Biyatov
    World
    Get short URL
    0 36
    Subscribe

    Turkish Economy Minister Nihat Zeybekci said that a free trade agreement between Turkey and Russia may be signed at the end of 2017.

    ISTANBUL (Sputnik) — Free trade agreement between Turkey and Russia may be signed at the end of 2017, Turkish Economy Minister Nihat Zeybekci said Sunday.

    "During today's negotiations the sides agreed that a free trade agreement between our countries may be signed at the end of 2017," Zeybekci told journalists.

    He added that the parties agreed on the implementation of the four-year medium-term program.

    Following the negotiations, Zeybekci and his Russian counterpart Alexey Ulyukaev signed the joint statement on the development of bilateral trade and economic relations.

    Zeybekci added that Russia and Turkey will contribute 500 million dollars each to the Turkey-Russia Joint Investment Fund.

    “We have discussed an important topic for both of the countries, namely, the establishment of the [Turkey-Russia] Joint Investment Fund by cooperative efforts of the Russian Direct Investment Fund and Turkish fund of capitals. The first step involves each state’s contribution of 500 million dollars,” Nihat Zeybekci said.

    Related:

    Declaration on Turkey-Russia Joint Investment Fund to Be Signed on October 9
    Russian Watchdog to Decide on Import of Turkish Vegetables After Inspection
    Putin, Erdogan Discuss Syria, Russia-Turkey Ties in Phone Talks - Kremlin
    Russia, Turkey Economy Ministers to Discuss Food Restrictions in October
    Tags:
    free trade agreement, Nihat Zeybekci, Turkey, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik