(ECO) TURKISH-KAZAKH ECONOMIC RELATIONS NOT AT POTENTIAL LEVEL, ERGUN.ISTANBUL Istanbul (ĭs'tănb  l`, ĭstan`bl), city (1990 pop. 6,748,435), capital of Istanbul prov. , Oct 24, 2009 (TUR tur: see ibex. ) -- Turkish Industry and Trade
Minister, Nihat Ergun Ergun, river, China: see Argun. , said Friday his government was happy about where
Turkish-Kazakh economic cooperation reached.
Speaking at the Turkish-Kazakh Business and Investment Forum in Istanbul, Ergun said that Turkish-Kazakh economic relations were not at the potential level. Turkish contractors assumed 291 projects in Kazakhstan worth around 10 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , Ergun said. Turkey ranks 15th as the country with most investments in Kazakhstan. Turkey's direct investments in Kazakhstan were worth 1.6 billion USD, Ergun said. When we look at the economic and commercial relations between Turkey and Kazakhstan, the existing trade volume does not reflect the actual potential, Ergun stressed. Turkey's exports to Kazakhstan in the first eight months of 2009 were worth 402 million USD and imports from Kazakhstan were worth 690 million USD in the same term, Ergun noted. We have to display a common will to further promote economic relations between our two countries, Ergun also said. (SOL-UK) (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
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