Political tensions between Ankara and Washington had sparked worries in markets in August, after U.S. President Donald Trump threatened to use economic pressure over an American pastor who faces terrorism-related charges in Turkey.
The president pointed out that dependence on dollar in international trade had become a bigger problem.
Political tensions between Ankara and Washington had sparked worries in markets in August after U.S. President Donald Trump threatened to use economic pressure over an American pastor who faces terrorism-related charges in Turkey.
Referring to the S-400 agreement with Russia, Erdoğan said that “some are disturbed by this“, adding that Turkey does not need permission from anyone to guard its territory.
Last December, Turkey announced it had concluded an agreement with Russia for the purchase of two S-400 systems by early 2020.
This April both parties agreed on early delivery of the systems.
The S-400 is Russia’s most advanced long-range anti-aircraft missile system, with the ability to carry three types of missiles capable of destroying targets, including ballistic and cruise missiles.
In June, the U.S. Senate passed a bill prohibiting sales to Turkey o F-35 jets, citing the S-400 purchase as well as Turkey’s detention of U.S citizens.
‘Invest in Kyrgyzstan’
Speaking about economic relations with Kyrgyzstan, Erdoğan said they were eyeing a foreign trade volume of $1 billion.
The current foreign trade volume stands at almost $500 million, he said, urging Turkishbusinesspeople to invest in Kyrgyzstan.
He added that investment in the Kyrgyz market would also appeal to Kazakhstan, Russia and Belarus, which are members of the Eurasian Customs Union.
Erdoğan said that strong relations between the two countries also need a stronger cooperation in the fields of education, development, culture and tourism.
He recalled that since 1993 the Turkish Cooperation and Coordination Agency (TİKA) had established schools and hospitals in the country.