Saturday, October 28, 2017

Close cooperation on Belt and Road to fuel Chinese investments in Turkey

ELIF BINICI

Daily Sabah - October 27, 2017

Having gained momentum in the last decade, Turkish-Chinese cooperation is set to capitalize on further cooperation with additional joint investment projects to unlock the potential offered by the Belt and Road project  Energy, transportation, manufacturing, automobile, technology and telecommunications have been the prominent sectors that shaped the ever-increasing Turkish-Chinese economic partnership.  Since establishing diplomatic relations in 1971, the two countries have accelerated bilateral trade and economic cooperation in recent years, resulting in a $27-billion bilateral trade volume and more than $2 billion in Chinese investments in Turkey. The commitment of both countries to the Belt and Road initiative, designed by Chinese President Xi Jinping, is considered promising for unleashing important business opportunities for both countries, as well as others located on the Silk Road.

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