Trade Relations Between Turkey and Kazakhstan on the 25th Anniversary of Kazakhstan’s Independence

Year 2017, Volume: 22 Issue: 1, 7 - 28, 01.04.2017

Nevzat Şimşek Cengizhan Canaltay Hayal Ayça Şimşek

Abstract

Since Kazakhstan gained independence in 1992, bilateral relations between Kazakhstan and Turkey have developed in many spheres. The warm relations have brought many business opportunities for both countries. Over 23 years, the amount of exports from Turkey to Kazakhstan have multiplied by 39 times while imports from Kazakhstan have increased by 110 times. As for Kazakhstan’s investment sector, Turkey is the fourth largest investor country in non-energy sectors, and 17th in terms of capitalization. Moreover, in terms of compatibility regarding the trade structure, it would be beneficial for Kazakhstan to increase its trade volume as shown with the results of the trade complementarity index. This research looks at the bilateral trade relations between

Keywords

Kazakhstan, Turkey, Bilateral Trade Relations, Trade Complementarity Index, Central Asia.

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