RTIB urges Turkey to be global bridge for economic growth
Speaking during the Verona Eurasia Economic Forum in Istanbul, Acay noted that the presidents of Türkiye and Russia have set a goal of reaching $100 billion in bilateral trade.
“Sanctions and certain restrictions (on Russia) are actually increasing the potential for the Turkish business community," he said.
He added that new opportunities and challenges are emerging as competition grows between Turkish and Russian businesses. “While different challenges, new advantages, and potentials are emerging, the Turkish business world needs to focus more on joint investments and joint ventures,” Acay said.
He stressed that building trust through partnerships in key sectors can help expand the momentum Turkish businesses have gained not only in Russia but also across other regions.
“The Turkish business world needs to be more entrepreneurial,” he emphasized, pointing out that several sectors — such as food, textiles, and health — remain unaffected by sanctions, yet many companies are still hesitant to engage.
Acay also commented on the shifting global power dynamics, saying that after decades of US and EU dominance, new economic blocs are emerging. “China in particular accounts for 40% of the world’s real production,” he said. “The world will continue to operate with two poles from now on.”
Highlighting rising powers like Russia, India, and Indonesia alongside China, he suggested that a more balanced, two-polar world is taking shape. “I believe there will be a more participatory two-polar world and Türkiye is located somewhere between the two — we need to assess what we can get from being a bridge,” he noted.
Emphasizing that “real production stands at the core of the economy,” Acay urged both Türkiye and Russia to deepen cooperation in manufacturing and innovation. “You need a platform to build things like software, services, digital technologies, artificial intelligence (AI), automation, and more — cooperation can continue to rise starting from that platform,” he said.
“Turkish and Russian economies complement each other — we always had close relations and I think we need to boost mutual cooperation in technological production and other high-value-added areas,” he added.
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