Trade and Economic Cooperation

Turkey is one of the main trade and investment partners of Kyrgyzstan. Economic cooperation is a priority in bilateral Kyrgyz-Turkish relations. Turkey has a special place in the structure of foreign trade of the Kyrgyz Republic as a major trading partner.

For reference: The trade turnover of the Kyrgyz Republic and the Republic of Turkey in 2016 is $ 281.1 million, in 2017 is $ 356.1 million in 2018 is $ 394.5 million, including the export 104.2 million dollars, the import is $ 290.2 million. In 2019 - $ 473,8 million, including the export $ 43,3 million, the import is $ 430,5 million. In the 1st quarter of 2020 – $ 127,5 million, including the export $ 16,8 million, the import is $ 110,6 million.

The Presidents of the Kyrgyz Republic and the Republic of Turkey set the task of increasing commodity circulation between countries to $ 1 billion.

The basis of Kyrgyz exports to Turkey is legumes (beans), nuts, cotton fiber, raw hides, gold, scrap and copper waste, and aluminum alloys.

In imports, the main share is occupied by light industry products (clothing, shoes, textiles), chemical products (dyes, varnishes, soap, detergents, perfumes and cosmetics, pharmaceutical products, plastic products, rubber, etc.), engineering products (equipment, mechanical devices, electrical machines, apparatus, etc.), foodstuffs and agricultural raw materials (vegetables, fruits, confectionery, nuts, seeds, various, etc.), products from ferrous, non-ferrous and non-precious metals, jewelry, wood products, furniture, and its accessories, leather goods, etc.

A special role in the development of trade and economic relations is played by the Intergovernmental Commission on Trade and Economic Cooperation between the Kyrgyz Republic and the Republic of Turkey, whose meetings are aimed at taking practical measures to fulfill the objectives and goals in this direction. On November 21-22, 2019, there was the 9th meeting of the Intergovernmental Commission on the trade-economic cooperation, as a result of which an Action Plan for the development of Kyrgyz-Turkish cooperation was adopted. This document contains 76 tasks with specific actions and deadlines. Also, as part of this event, there was held the Kyrgyz-Turkish Business Forum with the participation of more than 350 entrepreneurs from Kyrgyzstan and Turkey.

An important place in the technical and economic cooperation of the two countries is given to the activities of the Turkish Cooperation and Coordination Agency (TIKA) and with the assistance of TIKA, a number of projects have been implemented.

 

Exhibitions and fairs calendar - 2020 (Download)