Ankara and Caracas have been making efforts to strengthen cooperation in all areas, President Recep Tayyip Erdogan said on Monday.
"There are solid ties in friendship and solidarity between our countries. We have strong potentials in our economic relations with Venezuela.
"We are making efforts to diversify and deepen cooperation with Venezuela in every field through win-win understanding," Erdogan said, while speaking at the Turkey-Venezuela Business Forum alongside his Venezuelan counterpart Nicolas Maduro in the capital Caracas.
Erdogan said geographic distance between Turkey and Venezuela should not be seen as "obstacle" to strengthen bilateral ties and cooperation.
He said the trade volume between the two countries has exceeded $1billion in the first nine months of 2018.
"We need to increase Turkey's exports to Venezuela and we need to make our trade more stable and more sustainable," Erdogan added.
Erdogan also said Turkey's economy has shown "strong" performance despite prevention efforts and attacks against it.
About assassination attempt on Maduro, Erdogan said the attempt was a “dastardly attack” on both the president and Venezuelan people's “will for independence.”