A number of important agreements were signed during the visit of Turkish President Recep Tayyip Erdogan to Russia, where was held a meeting with senior officials of the country. Countries also agreed to hold in 2019 Year of culture and tourism of Russia and Turkey and to open cultural centers, in particular, under the name of Yunus Emre in Moscow.
The purpose of the visit of the Turkish delegation is participation in the sixth meeting of the Russian-Turkish cooperation Council at the highest level. The main objective of the two countries is restoration of full cooperation after the political incident, the tragic death of Russian Ambassador Andrei Karlov on December 19, 2016 in the capital of Turkey, Ankara.
For the Republic of Turkey this meeting is particularly important because Russia takes a large part of Turkish exports. “In 2016, it fell by almost a third, actually falling to a level of 10 years ago. I hope that the negative trend in the mutual trade we will be able to overcome this year,” – said in his welcoming speech the President of Russia Vladimir Putin. Erdogan also stressed that: “Those (Turkish) companies, which are now in Russia, should be free from all the sanctions and restrictions that exist against them”.
For Russia, Turkey is the second largest partner in the purchase of gas. Recently the agreement with “Gazprom” on transport infrastructure of natural gas “Turkish stream” entered into force. The country is also a major consumer of energy services for companies such as Rosatom and Power machines.
The relationship of industry and finance of Russia and Turkey is also expected to expand. In the view of the Turkish Industrialists are Russian aircraft MS-21. Turkey is preparing to launch a Russian payment system “the World”.
Counter-investment of Russia and Turkey now account for 10 billion dollars. The activities of the Russian-Turkish investment fund and the signing of the Agreement between the governments on trade in services and investment will serve the increased investment.
An important step in the restoration of economic cooperation is signing by Ministers of economy of Russia and of Turkey – M. S. Oreshkin and Nihat Zeybekci (Tur. Nihat Zeybekci) – Medium-term programme of trade-economic, scientific-technical and cultural cooperation for the years 2017-2020. An agreement was signed between relevant organizations “OPORA Russia” and KOSGEB for cooperation of small and medium businesses.
Next in line are agreements on the frequency increase of flights between the two countries and the establishment of a visa-free regime.