By Asbarez | Monday, 21 July 2014
The Turkish minister put forward an initiative for closer cooperation with the Eurasian Economic Union, Ulyukayev said.
“We have discussed the possible forms of cooperation, including the formation of a free trade zone between the Customs Union and Turkey. We have agreed to create a working group and to begin a more detailed discussion of these possibilities and prospects in September,” Ulyukayev said on the sidelines of the meeting of G20 trade ministers in Sydney, Australia.
Turkey currently has an agreement on free trade with the European Union.
Earlier the same day, Ulyukayev said that Turkey had suggested using national currencies in trade with Russia.
The trade volume between Russia and Turkey amounted to $32.7 billion in 2013. Russia is Turkey’s second-largest trade partner after the European Union. Turkey ranks eighth among Russia’s foreign trade partners.
Russian authorities considered renewing the talks on switching to national currencies in order to decrease the dependence on the US dollar amid tense relations with the West due to the Ukrainian crisis.
The Turkish side has also expressed interest in building a transport and logistics hub in Russia with links to sea ports, airports, railways and highways, Zeybekci said.
astcomments
Azerbaijan Blocks Humanitarian Transport To and From Lachin Corridor
#TogetherForSyria Telethon Raises over $110,000 for Armenians In Syria
After Lachin Corridor Blockade, Putin Speaks to Pashinyan and Aliyev
Aliyev Signs Order Declaring Shushi Cultural Capital of Turkic World
Lemkin Institute Voices Support For Artsakh Rights to Self-Determination to Avoid Genocide
Tensions Escalate Between Iran and Azerbaijan
Moscow is Closely Coordinating Peace Treaty with Yerevan and Baku
Aliyev Criticism of Russian Peacekeepers and Iran Elicits Strong Reactions
Putin Says Yerevan Rejected His Plan to Cede Less Territory in Artsakh