The two countries’ bilateral trade, which was $33.3 billion in 2012, stood at $25.7 billion in 2018, Ruhsar Pekcan said during the 16th Turkey–Russia Joint Economic Commission (JEC) meeting, in the Mediterranean resort city Antalya.
Russia imports house appliances, freezers, construction materials, furniture, ready-made clothes and medicine from the world, Pekcan underlined, adding: “Turkey exports all of these products to the world with the most competitive prices.”
The two countries’ bilateral investments is currently around $20 billion, she added, stressing that there was a large potential in this area as well.
Lauding Russian President Vladimir Putin’s decision to lift visa requirements for Turkish holders of certain passports, Pekcan called for a return to the visa-free regime of 2015.
There is a greater potential between the two countries, which have good relations, he added.
He also said their bilateral investment amount — $20 billion — was not enough.