World Bulletin / News Desk
Turkish Economy Minister Zafer Caglayan on Monday addressed a business forum in Abu Dhabi, the capital of the United Arab Emirates, saying that the two countries should work to boost their bilateral trade volume to as high as $50 billion.
"Our combined foreign trade volumes stands at nearly $1 trillion and our bilateral trade volume is $11.8 billion, which is a sizeable figure but it is not enough. There is no reason that hinders us from increasing it to $50 billion," Caglayan told businesspeople participating in the forum.
Caglayan said Turkey was able to boost its foreign trade at a time when European countries and the United States struggled with economic and social problems, adding that his country's performance largely owed to market diversification.
Caglayan said Turkey's construction sector ranked second in the world after China, adding that it had undertaken projects of $244 billion in 2012.
"Turkey offers great investment opportunities and we want you to take advantage of them. We can also engage in cooperation in third countries by joining our entrepreneurial capabilities," Caglayan said.
As part of his contacts in Abu Dhabi, Caglayan also met separately with Economy Minister Sultan bin Saeed al-Mansuri and with Nasser Ahmed Al Sowaidi, chairman of Abu Dhabi's Department of Economic Development.
Mevlut Cavusoglu says all Syrian ethnicities should have a part in future 'pluralist, libertarian' country
Jets bomb positions in Iraq's Sinat-Haftanin region and Turkey's Mardin province, destroying four targets
Turkish Airlines to provide aviation training and tech support to 56 of the Islamic Development Bank's member countries
Turkish FM Cavusoglu writes Turkey is 'ardent supporter' of African solutions for African issues
'Turkey has achieved great success in humanitarian assistance in recent years,' says the UN's Pierre Krahenbuhl in Istanbul
Turkish president wants one of the priorities of the government to be implementing constitutional changes to create a presidential system
Turkish dailies on Wednesday covered composition of new government and opposition MHP's decision to hold extraordinary congress next month
A new constitution and shifting to a presidential system will be top priorities, says PM Binali Yildirim
EU-Turkey refugee deal could collapse unless the bloc allows Turks visa freedom, says Turkish President Recep Tayyip Erdogan
Binali Yildirim says ruling party’s most important task is to usher in presidential system
Fiirst-ever World Humanitarian Summit organized by the United Nations in Istanbul dominated Tuesday's headlines
Binali Yildirim meets Turkish President Erdogan to submit the new government list
Foreign minister and European Commission VP exchange views over the phone on visa-free travel for Turkish citizens in Schengen
'Turkey is one of the countries - with its open-door policy - from which Europe should take lessons,' says Guy Ryder
'We must do everything that we can to continue to discuss as it is likely that by July 1 certain things will not be put in place, in other words the visa exemption (will not be granted) as some conditions will not have been fulfilled,' German chancellor says
In air operation in northern Iraq early Monday, Turkish Air Forces destroy weapon caches, shelters, camps