BAKU, Azerbaijan, September 18. Türkiye molds
‘win-win’ relations with Turkic international locations, Trade Minister of
Türkiye Omer Bolat mentioned, Trend stories.
Bolat famous that Türkiye is consistently increasing its relations
with different Turkic international locations in all spheres.
“Our relations, primarily, are primarily based on friendship and
brotherhood. We have strengthened our shut political cooperation
over the previous 30 years and the progress made in our financial and
commerce relations over the previous 20 years. We collaborate to diversify
manufacturing and exports,” the minister additionally mentioned.
According to him, Türkiye has made vital efforts to adapt
the international locations within the area to a free-market economic system with out
harming the social dynamics of the transformation course of.
“We know that focusing the business dynamics on just one
product is a serious impediment to attaining financial stability, and
the states within the area are additionally conscious of this case. Our
shut cooperation continues in the direction of diversifying manufacturing and
exports. We connect specific significance to making sure the meals wants
of the area’s inhabitants by investments within the meals
business,” he identified.
Bolat additionally identified that the tourism sector is an space that
Türkiye has at all times valued.
“The tourism potential of the international locations within the area is excessive.
Our contribution to the infrastructure of the international locations within the
area by initiatives carried out by our contractors will
contribute to the expansion of the tourism sector. Additionally, the
area has excessive potential for renewable power sources,” he
emphasised. “Investments on this area won’t solely guarantee
environmentally pleasant manufacturing but in addition diversify power
manufacturing channels. Our skilled buyers on this area are
working within the area to satisfy all of the wants.”
Noting that export-oriented manufacturing, commerce, and different service
sectors are carried out in Türkiye’s free financial zones, Bolat
said that incentives are additionally prolonged to buyers from different
international locations, together with representatives of pleasant and fraternal
Azerbaijan.
“In free financial zones, each home and international buyers are
provided alternatives such because the exemption from company tax on
manufacturing actions, and when exporting, 85 p.c of the
manufactured merchandise are exempt from withholding revenue tax on
staff’ salaries, exemption from property tax, and different charges,”
Bolat added.
Previously, the Turkish minister mentioned that the international locations of the
Organization of Turkic States agreed to extend mutual
investments.
He additionally famous that exports between member international locations of the
group in 2022 amounted to roughly $33 billion.
