Tuesday, 02 January 2024 12:17 GMT

Türkiye, China Strengthen Green Economic Cooperation at Istanbul Forum


Date:

(MENAFN) Turkish and Chinese government representatives and business executives met in Istanbul on Monday to explore opportunities for expanding economic partnerships, with particular attention to sustainable development and technological cooperation.

The Türkiye-China Green Development Business Forum was jointly organized by Türkiye's Foreign Economic Relations Board (DEIK) and the China Council for the Promotion of International Trade (CCPIT), bringing together Turkish Vice President Cevdet Yilmaz and Chinese Vice President Han Zheng.

The gathering also featured the participation of Turkish Industry and Technology Minister Mehmet Fatih Kacir, Trade Minister Omer Bolat, CECEP Chairman Liao Jiasheng and CCPIT Chairman Ren Hongbin, alongside other senior officials and business representatives.

During the opening session, DEIK President Nail Olpak highlighted the economic capabilities and development progress achieved by both countries, describing Türkiye and China as important players in the global economy.

"China is a leader in green technology, while Türkiye is a country that can become a production and export hub for these technologies through its proximity to Europe and the Customs Union," Olpak said.

He emphasized that the two countries could benefit from combining their respective advantages to strengthen their positions in international markets, particularly as global competition intensifies and economic uncertainty increases.

Olpak also underlined the importance of addressing trade imbalances between Türkiye and China to establish a more sustainable economic partnership. He added that greater Chinese investment in advanced technologies, supported by incentives offered through Türkiye's HIT-30 program and the Istanbul Finance Center, could contribute to achieving this objective.

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