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22:44, 18 September 2014 Thursday
Update: 16:22, 12 September 2011 Monday

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Turkish-Egyptian Business Council requests earlier trade liberalization
Turkish-Egyptian Business Council requests earlier trade liberalization

Mansfield requested that Egypt give three-five year visa to Turkish businessmen.

The head of Turkish-Egyptian Business Council said on Monday that business circles and government representatives of the two countries would meet for the first time after Egypt's revolution during Turkish prime minister's scheduled visit to this country.

Zuhal Mansfield underlined importance of this first meeting, and said Erdogan's tour of "Arab Spring" countries would boost trade in the East Mediterranean, which had almost stopped due to recent incidents.

"Egypt has always been important for Turkish private sector," Mansfield told AA correspondent.

Mansfield defined Egypt with a door opening to Arab geography with a 300 million population, and to Africa with a 900 million population, and said the revolution in Egypt would relegate to the pages of history as the least problematic intervention as Egypt had a political culture.

Turkish-Egyptian trade volume has reached 3.7 billion USD. 250 Turkish companies have 1.5 billion USD of investments in Egypt.

Mansfield said foreigners continued to invest in Egypt, thanks to foreign capital reforms of this country and the country's free trade agreements, quiz agreement between Egypt and the United States, and NAFTA agreement.

"Maintaining political and commercial cooperation between Turkey and Egypt will contribute to the development of not only the two countries but also the entire region," Mansfield said.

Mansfield requested Turkey and Egypt to ensure trade liberalization of all products within the framework of a free trade agreement in 2015, instead of 2020, which she thought would speed up commercial relations.

Also, Mansfield requested that Egypt give three-five year visa to Turkish businessmen.

Later on Monday, Turkish Prime Minister Recep Tayyip Erdogan is set to leave for Cairo, the first stop of his four-day tour of Egypt, Tunisia and Libya from September 12 to 15.

The visit aims at extending Turkey's support to the friendly countries which have recently undertaken transition process.

In Cairo, Prime Minister Erdogan will meet Prime Minister Essam Abdel Aziz Sharaf and Minister of Defense Mohamed Hussein Tantawi.

Erdogan and his Egyptian counterpart are set to sign a Joint Political Statement about establishment of a High-Level Strategic Cooperation Council. They also sign a series of cooperation deals in economy, trade, education; culture, sports, press and public administration.

The premier will hold talks with Arab League Secretary-General Nabil al-Araby after delivering a speech at the Arab League Foreign Ministers' Council Meeting.

AA

 



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