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  • Action Plan Signed Between Turkish And Russian Businessmen

     Rifat Hisarcõklõo??lu, the President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), described 21st century as a period when new global paradigm emerged, the global economic axis shifted from West to East, indicating that Russia and Turkey are just in the center of this new equilibrium.

     Hisarcõklõo??lu and Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs (RSPP), signed an action plan to be implemented until the end of 2016.

    Hisarcõklõo??lu remarked that Russia is the only country with which TOBB holds bilateral cooperation meeting at B20 summit, underlining the importance of Russia for Turkey. Hisarcõklõo??lu described 21st century as a period when new global paradigm emerged, the global economic axis shifted from West to East, indicating that Russia and Turkey are just in the center of this new equilibrium. Pointing out the two countries as rising stars of European geography, Hisarcõklõo??lu said the following: "Turkey and Russia are ideal business partners thanks to complementary economies, geographical proximity, and cultural and personal afÞ nity between our peoples. Especially in recent years, leaders of both countries display a strong political will in order to enhance the economic relationship hitherto established.” Hisarcõklõo??lu stated that investments by Turkish companies in Russia exceed $ 10 billion, adding that Turkish Þ rms successfully accomplish construction projects with costs over $ 60 billion in Russia.

     Hisarcõklõo??lu indicated almost a thousand Turkish companies are actively operating in Russia and about 4.5 million Russian citizens visit Turkey every year. Emphasizing the relation between two countries, "All Þ gures and developments reveal that the relation between the countries is beyond strategic partnership. Therefore, we wish to establish partnerships between our companies and collaborate so as to operate in third countries. There is a huge potential in the third world,” he added. Hisarcõklõo??lu explained that TOBB supports activities of Turkish companies in Russia, expressing efforts for more active participation of small and medium enterprises in Russia in addition to big companies.

     -"Turkish Stream is a certainty"

     Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs (RSPP), reminded the target set 2 years ago by leaders of both countries, according to which the objective is to enhance the trading volume to $ 100 billion until 2020. Shokhin told bilateral commercial relations decreased last year; “Our common target is to Þ nd out the reasons for fall in trading volume and to overcome such problems. We have to cast aside macroeconomic indicators and search how to escape from this situation”, Shokhin said. Pointing out the pressure in Russia due to geopolitical factors, Shokhin spoke as follows: "At present, Turkey is in a sense in the front line and confronts the challenges in geopolitical terms. There is pressure from EU and USA; we struggle for investments here. We do not only expect, but also see a light at the end of the tunnel; accordingly, we will focus on improving collaboration between Turkey and Russia.”

    Shokhin indicated that they are within Customs Union of Russia, Belarus and Kazakhstan, and the organization will include Armenia and Kyrgyzstan as of next year. Shokhin indicated that they are loyal to partners in some respects, and remarked the new Free Zone Treaty with Vietnam.

     According to Shokhin, the experience from Vietnam treaty will serve as an example for Free Trade Agreement to be established with Turkey. Shokhin told about intense efforts by both Russian and Turkish ministries so as to bring a freedom of trade. According to Mr. President, the agreement will provide a “guarantee” for mutual investments and the barrier before bilateral relations will be removed.

     Shokhin also touched upon the projects between the countries, saying "Turkish Stream is a certainty; we hope it will be realized before long. Construction of Akkuyu Nuclear Plant in Turkey will catalyze the process. Collaboration is also possible in domains such as telecommunication and metallurgy. We also have to concentrate on the projects by small and medium enterprises. We support the plan for establishment of a permanent SME in Istanbul. Thus, a favorable investment environment will be established and both Turkish and Russian SMEs will make use of it. This will be a huge step towards trading volume target of $ 100 billion."

    Andrey Karlov, Ankara Ambassador of Russia, indicated that businessmen of both countries do undertake remarkable tasks. Senior executives of companies operating in Turkey and Russia also participated in the meeting. Following the speeches, the action plan, which will be implemented until 2016, was signed between TOBB and RSPP. 

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