According to the news of Daily News, Turkey is working intensively to surpass its current trade volume with China – approximately $20 billion – focusing on high value-added projects within a win-win framework, the head of the Turkish Exporters’ Assembly (TİM) said on 18.10.2109.

The Belt and Road Initiative was launched by China as is a project critical both in terms of the future of global trade and the region, said Ismail Gülle during a program on Turkey – China multidimensional relations.

He said that all countries from Eurasia support China’s project, so does Turkey. “We have to ensure that Turkey’s gastronomic skills, agricultural and food products as well as tourism are well known by our Chinese friends,” he said.

Pointing to China’s $2.1 trillion total imports and the scope of China’s investments under the Belt and Road Initiative, Gülle underlined the project’s potential not only for Turkey, but for the entire region.

For his part, Cui Wei, the Chinese consul-general in Istanbul, said despite the thousands of kilometers between the two countries, the cultural exchange has never been interrupted.

“In ancient times, the Silk Road was the bridge of friendship between the two sides,” he said, with porcelain and silk, for instance, being traded from China to Turkey.

He added that Turkey, which lies at the intersection point of Europe and Asia, combined advantageous aspects of eastern and western cultures and created a unique cultural environment.

Source: Daily Sabah
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1- When the transportation methods for export in 2017, March are examined;
1.1- Sea Transportation (8 billion 429 million USD),
1.2- Road Transport (4 billion 162 million USD),
1.3- Airline Transport (1 billion 694 million USD).

2- When the transportation methods for import in 2017, March are examined,
2.1- Import has been mostly done with Sea Transportation (11 billion 915 million USD),

2.2- Road Transport (3 billion 309 million USD),
2.3- Airline Transport (2 billion 772 millon USD).

Source: Ministry of Customs and Trade

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.