Turkey wants to start negotiations with the Eurasian Customs Union, which consists of members of the Eurasian Economic Union (EAEU), Economy Minister Nihat Zeybekci said on Friday, August 18, according to Anadolu Agency.

The EAEU consists of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

In recent years, Turkey has been stressing the importance of using local currencies in foreign trade with its neighbors and major trade partners like Russia, Iran and China to lower the currency conversion costs.

"Our target is to use national currencies in foreign trade. If we do that, we can eliminate the negative effects of foreign exchange volatilities," Zeybekci added.