Number of major agreements signed by Kyrgyzstan and Türkiye as result of negotiations in Ankara

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Representatives of Kyrgyzstan and Turkey signed a series of key agreements and memoranda at a business forum in Ankara, the press service of the Ministry of Economy of Kyrgyzstan reports.

The forum resulted in export deals totaling over 1 billion Kyrgyz soms ($11,181,930).

Among them is an agreement between the Kyrgyz company "Dan Agro Products" and the Turkish "Bașhan Agro Gida San. Ve Tic A.Ș." for the purchase of leguminous products worth $4.6 million, as well as a contract for the export of walnuts from Kyrgyzstan amounting to $1.8 million.

During the forum, memoranda of understanding and cooperation were also signed between the representation of the President of the Kyrgyz Republic in the Batken and Chui regions and OSTİM, as well as between the Association of Small HPPs of Kyrgyzstan and the Turkish company EKSTUR "Turizm Danışmanlık Tanıtım Dekorasyon Gıda İthalat İhracat San.Tic.Ltd.Şti."

These documents open new perspectives for expanding cooperation and creating conditions for economic interaction between the two countries, emphasized the Ministry of Economy of the Kyrgyz Republic.

The business forum also served as a platform to showcase the economic potential of the Kyrgyz Republic through exhibition stands and presentations covering various sectors of the economy, including both light and heavy industries, agriculture, healthcare, energy, and tourism.

According to the National Statistical Committee of Kyrgyzstan, the trade turnover between Kyrgyzstan and Turkey for the year 2023 amounted to $560.5 million.

Breakdown:

- Kyrgyzstan's exports to Turkey: $104.3 million.
- Imports from Turkey to Kyrgyzstan: $456.2 million.

Main goods exported from Kyrgyzstan to Turkey:

- Agricultural products: cotton, wool, meat, dried fruits, nuts.
- Light industry products: textiles, apparel.
- Non-ferrous metals: gold, mercury.

Main goods imported from Turkey to Kyrgyzstan:

- Machinery products: vehicles, electronics, household appliances.
- Chemical industry products: plastics, rubber, fertilizers.
- Light industry products: textiles, clothing, footwear.
- Food products: flour, sugar, vegetable oil.

It's worth noting that the trade turnover between Kyrgyzstan and Turkey is showing a growth trend, increasing by 10.7% in 2023 compared to 2022.

CentralasianLIGHT.org

February 14, 2024