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China Expresses its Willingness to Trade in Local Currency with Turkey



Chinese Foreign Minister Assistant Li Yujing expressed his country's readiness to facilitate investment and trade with Turkey through the use of local currency.

In an interview with Anadolu, Yujing said Beijing will create new policies that will allow local currencies to be used for trade with Ankara.

 

He pointed out that he discussed with Turkish officials how to activate the agreements previously made between the leaders of the two countries, and strengthen relations between Ankara and Beijing in all fields.

 

"Turkey is an important country in the region and to the Islamic world. It is a member of the Group of 20 industrial nations and is located in an important geographical location on the Silk Road."

 

The Chinese official said that the adoption of local currencies in trade and investment exchanges between the two countries will reduce the costs and risks resulting from the exchange rate of the two countries.

 

He pointed out that Turkey and China are among the most important economically emerging countries, and have active markets, and have all the economic fundamentals.

Li Yujing confirmed that his government encourages Chinese enterprises to go to Turkey and invest in it.

 

"To strengthen our economic and trade cooperation, we continue to take many positive measures to encourage the export of Turkish products to Chinese markets. Turkish cherries are now in the Chinese market, as are milk, pistachios and oranges."

 

With regard to the tourism sector, Yujing said the impact of tourism activities organized by Turkey in China was very clear this year.

He pointed out that the number of Chinese tourists coming to Turkey this year, increased by 96% compared with the same period last year.

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