Institutional Cooperation between Russia and Turkey as a Driver of Trade and Economic Cooperation between the Countries

Irina Yuryevna Tkachenko and Anton Valerievich Popuk
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Irina Yuryevna Tkachenko: Russian Foreign Trade Academy, Moscow, Russia
Anton Valerievich Popuk: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2025, issue 3, 103-115

Abstract: In today’s reality, the interaction between government and public institutions of the Russian Federation and the Republic of Turkey plays a significant role in establishing and developing bilateral trade relations, which emphasizes the importance of institutional cooperation for deepening the economic cooperation between our countries. Particular attention is paid to the dynamics of trade and economic relations in the direction of achieving the goal of increasing the bilateral trade turnover to 100 billion US dollars. The existing and emerging institutions for foreign economic cooperation, as well as the development of effective cooperation mechanisms, such as the legalization of parallel imports and the expansion of the range of goods through a simplified customs corridor, which are relevant for both countries in the current conditions could facilitate it.

Keywords: interaction between the governments of Russia and Turkey; international trade; increase in trade turnover; bilateral cooperation; strengthening of economic ties (search for similar items in EconPapers)
JEL-codes: F5 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2025_03_103-115

DOI: 10.24412/2072-8042-2025-3-103-115

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