Development of trade-economic cooperation of the Republic of Kazakhstan and Turkey in the light of implementation of the program a new silk road

  • И. Н. Кренгауз Университет «Турaн»,

Abstract

The aim of the research – identification of the major challenges and trends in developing the economic cooperation between Kazakhstan and Turkey in light of the implementation of the program «New Silk Road».Methodology – general scientific principles of knowledge of the economic phenomena were usedin the research process: the dialectical, concrete historical, morphological systematic, etc. Approacheswhich allow us to review the phenomena being studied and their development processes, to identifycontradictions, and to relate the essential characteristics and forms of their manifestation, were usedalong with the long established techniques, such as analysis, synthesis, deduction and induction, andmethods of economic and statistical analysis.Originality/value – based on the method worked out by the author, an analysis of the dynamics ofcooperation between Kazakhstan and Turkey are carried out on two main indicators of integration –mutual trade and mutual investments for fifteen years according to the statistics from the internationalorganization for trade marketing. Recommendations are made to try and bring to perfection the bilateralcooperation between Kazakhstan and Turkey in light of the implementation of the program «New SilkRoad».Conclusions – the research has revealed, therefore, that the current commodity composition ofimport in Kazakhstan reflects the unrealized potential for strengthening linkages between the countryand countries in the New Silk Road Economic Belt. Inter-linkages, particularly with Turkey, as the twocountries may work hand in hand towards the development regional machine-building and chemicalcomplexes, the food processing industry and agriculture in general. With a view to strengthen the cooperation,in our opinion, it is necessary to go in the direction of cross-national cooperation, to orient theeconomy to develop in an innovative way. Furthermore, all the costs on building infrastructures necessaryfor effective functioning of the business must be taken, from our own point of view, by the so-calledinter-state consortia. A significant potential to increase exports could give the development of the servicesector. A move to enhance the government policy on stimulating the attraction of direct foreign investmentnot only in the manufacturing sector of the economy, but also to the financing of the interstatebreakthrough innovative projects that will enable countries in the New Silk Road Economic Belt to takeposition on the market of finished products remains appropriate.
How to Cite
КРЕНГАУЗ, И. Н.. Development of trade-economic cooperation of the Republic of Kazakhstan and Turkey in the light of implementation of the program a new silk road. Journal of Oriental Studies, [S.l.], v. 81, n. 2, p. 65-71, feb. 2018. ISSN 2617-1864. Available at: <https://bulletin-orientalism.kaznu.kz/index.php/1-vostok/article/view/1026>. Date accessed: 28 june 2022.