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.
Turkish defense industry exports increased by 21 percent in January-August period reaching over $1 billion, according to the national association of exporters.
High inflation figures are largely related to food prices, Turkey’s Deputy Prime Minister Ali Babacan said.
Turkish Aerospace Industries handed last four of modernized F-16 fighters to Pakistan in a ceremony in Ankara on Tuesday.
Tuesday's newspapers cover the corruption probe targeting President's Erdogan's son, PM Davutoglu’s unveiling of the new government program as well as more detentions in Turkey’s ‘wiretapping’ sweep.
Turkey's Foreign Ministry urged Israel to withdraw their decision and stick to international law.
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The Turkish Exporters' Assembly announced a 5.2 percent rise in exports for August.
Turkey’s Foreign Ministry rejected claims about the country’s general consulate staff in Mosul, who have been kept hostage by rebels in Iraq since June 11.
New Prime Minister Ahmet Davutoglu outlined the coming government’s program, highlighting the resolution of the Kurdish question.
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Amasya MP Mehmet Naci Bostanci is elected ruling AK Party's new parliamentary group deputy chairman.
Turkey's President Erdogan made his first foreign visit to the Turkish Republic of Northern Cyprus as president on Monday.
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Turkey's president Recep Tayyip Erdogan said he will discuss the issue of spying claims on Turjey with American and German leaders at the upcoming NATO summit and U.N. general assembly.