Russia and Turkey are ready to sign the contract on free trade zone

Russia and Turkey are close to an agreement on free trade zone, said the Minister of economic development Alexei Ulyukayev. According to him, this topic was discussed at a meeting between President Vladimir Putin and the head of Turkey Recep Erdogan.

“The meeting was devoted mainly to the issues of economic agenda, the recovery of the set of relations that were before between our countries”, — said the speaker (quoted by “Interfax”).

According to him, in late August, met the Russian and Turkish experts, and in October agreed to meet with his Turkish counterpart Minister of economy of Turkey Nihat Zeybekci.

“The chief gave such instructions in order to finalize the work on this document (the agreement on free trade zone — ). In addition, we transferred our Turkish colleagues the draft medium-term programme for economic technical and scientific cooperation. Count to the end of the year to sign,” — said Ulyukayev.

The head of the Ministry added that work is now being completed and the establishment of the Russian-Turkish investment Fund. “At the end of August in Turkey had taken the necessary legislative changes have created a corresponding partner of the Russian Fund of direct investments”, — said the Minister.

Ulyukayev also said that Erdogan and Putin during their meeting discussed the issue of lifting the food embargo, which Russia imposed on Turkey. He said that Russian experts in August, flew to Turkey, to ensure that “the Turkish company is to meet our quality standards,” and added that Moscow still expects Ankara vstroenyj steps of Russian products.

According to the head of Ministry of economic development, “practical work” is on “Turkish stream”.

“According to the “Turkish stream” work is also progressing. There is also solved specific things. For example, where, in what place should enter the tube on the Turkish coast, with the allocation of the land plots concerned. In General, a very practical work”, — concluded the speaker.

The meeting of Putin and Erdogan held yesterday, on the sidelines of the G20 summit. Erdogan thanked Putin for the resumption of Charter flights between the two countries.

In early August, during a meeting with representatives of business circles of Russia and Turkey in St. Petersburg, Erdogan said that Turkey even after the attempted coup is attractive for investment a country will implement major infrastructure projects.

“Today we show the will to return to the period before 24 November last year, when there was known and unpleasant event. None of the parties has benefited from what happened, each suffered losses”, — said at the meeting, Turkey’s economy Minister Nihat Zeybekci. Countries need to conclude negotiations on the free trade area, as soon as possible to implement the project on creation of a joint investment Fund, he said. The Minister also announced the meeting of the intergovernmental Commission of the two countries in Istanbul in early October. Russia will present to the Minister of energy Alexander Novak