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Main Commercial Office
COOPERATION BETWEEN TATARSTAN AND TURKEY
The Republic of Tatarstan interested in further development of cooperation and promotes products, on the market of Turkey and the neighbouring countries, of such manufacturers of Tatarstan as: Tatneft JSC, Nizhnekamskneftekhim JSC, Kazanorgsintez JSC, Nizhnekamsktekhuglerod JSC, KamAZ JSC, Kazan Aircraft Building Plant JSC, Kazan Helicopters JSC, etc.

The trade relations between Tatarstan and Turkey over the recent years have expanded significantly. In 2005 the commodity turnover between Tatarstan and Turkey totaled nearly USD 1.5 billion. The share of Turkey in the foreign trade turnover of Tatarstan has reached the figure of 10 per cent. Moreover, the USD 1.5 billion accounts to the 10 % of total turnover between Russian Federation and Turkey. The current pace of growth of the foreign trade turnover, if preserved as it is today, will help the parties achieve the figure of USD 30 billion as early as already by 2008, and USD 50 billion by 2010. The cooperation has been established so far in such fields as export of crude oil, petrochemical industry, and mechanical engineering. The Tatarstan based crude oil producer Tatneft JSC supplies nearly one fifth of petroleum, consumed by Tupraş, the biggest Turkish refinery. It’s also notable to mention the great share of Turkish constructing companies in Tatarstan. However, the volume of investment by Turkish companies can also be increased in the near future, considering the potential of Tatarstan. The Turkish companies have already considerable investment in Tatarstan. The leading Turkish brewery company Efes Beverage Group has acquired the 92.34 % of Tatarstan based brewery Krasny Vostok for $364 million, a deal putting Krasny Vostok's enterprise value at about $390 million. The Tofaş, Turkish producer of auto components, a joint venture of Fiat Auto and Turkish Koç Group, will supply auto components to Severstal-Avto, which possess the license of Fiat Auto to produce Fiat’s Albea, Palio, Doblo, and Ducato in Naberejnie Chelny, the second biggest city in Tatarstan. The deliveries of Tofaş to Severstal-Avto will account for USD 300 million annually.
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