Kyrgyz President Sooronbay Jeenbekov declared at the Kyrgyz-Turkish Business Forum that the cooperation in investment between Kyrgyzstan and Turkey was constantly growing.

The President Jeenbekov made a keynote that the strengthening political partnership between the states has reached a high level.

He also said that “Kyrgyzstan has developed a particular relationship with Turkey based on trust. As a result, commercial and economic relations between Kyrgyzstan and Turkey is developing rapidly. In 2018, Turkey invested in total 93 million US dollars in Kyrgyzstan. Since we became independent, the total volume of direct investments of Turkey has reached more than 600 million US dollars.”

It was pointed out that the economic potential between the countries was not fully exploited. The presidents had discussed the trade volume increase from 400 million dollars to 1 billion dollars He underlined that the Kyrgyzstan’s borders are always open to Turkish businessmen as there are hundreds of Turkish businesses running in there.

Referring to the conditions offered to investors in Kyrgyzstan, the newly opened enterprises were exempted from inspection for 3 years, the taxes were reduced and so on. Also, President Jeenbekov mentioned some other conditions preferred by the investors: “We are improving the transport infrastructure in order to use the country’s full transit potential. We will establish commercial-logistic centers by expanding road and rail connections and market network. There is already much opportunity to develop joint cooperation in the tourism sector. We are ready to increase exports of organic products, including meat, dried fruits, honey, walnuts and beans. Kyrgyz exporters believe that these products would take a rightful place in Turkey’s market. According to him Kyrgyzstan is entering the e-government period. Turkey’s success in the information technology field would enable an interest of Turkey to cooperate in this area. President Jeenbekov underlined Kyrgyz Republic’s guarantee of investors and private properties’ protection assets.