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天下盛平

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中土经贸关系  

2017-09-11 20:44:39|  分类: 金融知识库 |  标签: |举报 |字号 订阅

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Turkey-People's Republic of China Economic and Trade Relations

Turkey – People’s Republic of China (PRC) Economic and Trade Relations

Commercial Data:


YEARS

EXPORT

IMPORT

VOLUME

BALANCE

2011

2,46

21,69

24,16

-19,22

2012

2,83

21,29

24,13

-18,46

2013

3,6

24,68

28,29

-21,08

2014

2,86

24,92

27,78

-22,05

2015

2,41

24,86

27,27

-22,45

2016

2,32

25,44

27,76

-23,12


Source: TUIK (Billion USD)

Main Export Items from Turkey: Marble and travertine, chromium, copper, lead, iron, natural borate ores, boric oxide, boric acid.

Main Import Items to Turkey: Automatic data processing machines, wireless telephone devices, toys, audio-visual devices, cruise/ merchant ships.

People’s Republic of China is Turkey’s second trade partner globally after Germany, and first trade partner in the East Asia. China is Turkey’s nineteenth export country, while China occupies the first place in the list of Turkey’s import partners.

For increasing our export volume to a satisfactory level with China, which has a 1.5 trillion USD import potential and is shifting gradually to a consumption driven economy, we aim to establish a proper legal infrastructure, lift all trade barriers, develop an effective cooperation in the field of customs and standards, expand participation in trade fairs in China, as well as organize commercial delegation visits to every single province.

The 16th meeting of the Joint Economic Commission (JEC) between Turkey and China was held on 27 September 2009 in Beijing. The 17 th Meeting of the JEC is expected to be organized in the second half of 2017. Co-chairmanship of JEC is carried out by the Minister of Energy and Natural Sources, H.E. Mr. Berat Albayrak in the Turkish side.

The Turkish-Chinese Business Council, which was established in 1992, has organized approximately 15 activities annually since then. The last Business Council meeting was held on 29-30 July 2015 in Beijing, on the occasion of the visit of the H.E. Mr. Recep Tayyip Erdo?an, President of Republic of the Turkey to China with the participation of H.E. Mr. Xi Jinping, President of the PRC.

The process for exporting Turkish agricultural and food products to China is on track. In this context, protocols about milk and dairy products, cherry and pistachio were signed during G20 Antalya and Hangzhou Summits.

Chinese investments in Turkey surpassed 2 billion USD totally. Sectoral allocation of investments is as follows: energy, infrastructure, logistic, finance, diving, telecommunication and livestock.

A swap agreement between Central Banks of Turkey and China was signed in 2012 and renewed in 2015 for 3 years. First withdrawal and usage of cash flow in the context of swap agreement was realized in 2016.

Turkey supports all efforts to carry into effect China’s “Belt and Road” Project, which consist of the “Silk Road Economic Belt” and “the 21st Century Maritime Silk Road”. Located at a key position in this initiative, Turkey aims to realize “Trans Hazar- Middle Corridor” Project, complementing the North Line from China to Europe and opening a new connecting corridor between China and Europe. In this regard, to align China’s “Belt and Road” Initiative with “Middle Corridor” Project of Turkey, a Memorandum of Understanding was signed on 1st of July, 2016 before the G20 Hangzhou Summit.

Turkey considers tourism as a potential area for further developing economic and cultural relations with the PRC. Chinese tourists, visiting Turkey in a steadily rising number since 2002, are strengthening ties between Turkish and Chinese people. 2018 will be celebrated as the Turkish Tourism Year in China.

Turkish Airlines has seven flights from ?stanbul to Pekin, Guanco and Shanghai and six flights to Hong Kong weekly. Increasing the frequency of flights to China and adding new destination to flight network will develop economic, trade and tourism relations with China, as well as deepen interaction among people.

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