Türkiye Plays Leading Role In Kazakhstan's Investments


(MENAFN- Trend News Agency) ASTANA, Kazakhstan, November 13. Türkiye is among the leading investors who have invested heavily in Kazakhstan's economy, said President Tokayev during his meeting with the President of Türkiye, Trend reports.

On the margins of the 29th UN Climate Change Conference, the President of Kazakhstan Kassym-Jomart Tokayev met with the President of Türkiye Recep Tayyip Erdoğan.

Kassym-Jomart Tokayev noted that he is pleased to meet with the President of the Republic of Türkiye in Baku. This year marks the 30th anniversary of the Treaty of Friendship and Cooperation between the two countries.

"Our fraternal relations are developing dynamically, with constructive dialogue established at the political level, and cooperation between the governments of the two countries is being strengthened. Türkiye is one of Kazakhstan's five largest trading partners. Last year, trade turnover reached $6 billion," he emphasized.

In turn, Recep Tayyip Erdoğan noted that the relations between Kazakhstan and Türkiye have acquired a strategic nature. He pointed to the great potential for further intensification of trade and economic cooperation.

"I am confident that during the 5th meeting of the High-Level Strategic Cooperation Council, planned for next year in Ankara, we will sign important agreements in the fields of agriculture, defense, energy, transportation, logistics, and the cultural and humanitarian sphere. We will continue working towards increasing bilateral trade turnover to $15 billion," said the President of Türkiye.

Recep Tayyip Erdoğan emphasized that Turkish companies are successfully operating in various sectors of Kazakhstan's economy. According to him, Turkish businessmen are ready to share their experience in modernizing the agricultural sector, building nuclear power plants, and transporting oil and gas.

In addition, the two leaders exchanged views on current issues on the international and regional agendas and agreed to provide mutual support within multilateral frameworks.

To note, the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29), which will run until November 22, opened on November 11 at the Baku Olympic Stadium.

The event is the largest organized by Azerbaijan to date and is the first time the region has hosted the event in Azerbaijan. Within COP29, the highest-level event - the summit of world leaders on climate action - will be held on November 12–13.

The main expectation from COP29 is to agree on a fair and ambitious New Collective Quantitative Goal (NCQG) on climate finance. The COP29 chairmanship has launched 14 initiatives that include linkages between climate action and the Sustainable Development Goals, including green energy corridors, green energy storage, harmony for climate resilience, clean hydrogen, methane reduction in organic waste, action on green digital technologies, and other topics.

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Trend News Agency

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