World Bulletin / News Desk
Turkish Economy Minister Zafer Caglayan and South Korean Trade Minister Taeho Bark signed a free trade agreement between the two countries during a ceremony in Turkish capital Ankara on Wednesday.
Caglayan said that the two countries which had two trillion USD of national income, 1.5 trillion USD of foreign trade volume and more than 120 million population took an important step in the aspect of economic integration by signing Free Trade Agreement.
I hope this free trade agreement, which is a first for Turkey in Far East, will help the two countries to learn about each other more, said Caglayan, adding that the two countries would make important partnerships in third countries within the scope of the agreement.
Caglayan said that South Korea was the 7th biggest exporter and 10th biggest importer of the world, adding that Turkey's share was around 1.5 per thousand in South Korea's total import worth of 524 billion USD.
Caglayan also said that the investments of South Korean businessmen in Turkey, which was 688 million USD, was not enough, and he expressed hope that the figure would increase thanks to Turkey's New Incentive System.
Caglayan said that Turkey would sign free trade agreements with Malaysia and Japan soon.
Meanwhile, South Korean minister said that the relations between Turkey and South Korea recently increased to the strategic partnership level, adding that the Free Trade Agreement would be a basis to set up a systematic cooperation between the two countries.
Bark expressed belief that the agreement would boost the commerce between Turkey and South Korea.
Under the Free Trade Agreement, Turkish entrepreneurs will gain important advantages by benefiting from South Korea's free trade agreements with other countries, added Bark.
The advanceof ISIL insurgents to within sight of the Turkish army on the Syrian border has piled pressure on Ankara to play a greater role in the U.S.-led coalition.
"Immediately subsequent to the 2015 elections, all parties in the parliament should free themselves from prejudice and come together to write a new constitution based on reconciliation," Erdogan said.
Turkish President Recep Tayyip Erdogan said "We will fight effectively against both ISIL and all other terrorist organizations within the region; this will always be our priority."
Concerns Kiev could stop gas flow to Turkey and construction of nuclear plant on agenda for Taner Yildiz.
Turkish government's motion for military action against ISIL is extensively covered by Turkish dailies on Wednesday.
The Syrian Kurdish People’s Defence Units (PYD), a strong affiliate of the Kurdish separatist PKK terrorist organization, asked for weapons from Turley to fight the ISIL.
U.S. Secretary of Commerce Penny Pritzker called on Turkey to 'lift barriers' for American investment in the country.
Turkish Deputy Prime Minister Bulent Arinc said a special 'solution process council' will guide government's efforts to solve the Kurdish issue.
The newly-submitted motion, seeking parliamentary mandate for military action, cites the rising threats on southern borders as a motive.
A Turkish warship was harrassed in international waters, while a Turkish training aircraft was tracked in international air space.
Turkey's energy minister says the strength of the dollar has made next month's price hike inevitable. But Turkish consumers currently pay lowest prices for gas among EU countries.
Tuesday's papers covered Turkish army's deploying armored vehicles and tanks along the Syrian border after mortar rounds fired by ISIL militants fell on Turkish territory.
Rumors have been circulating the media that the ISIL had surrounded the base at the Suleiman Shah tomb and taken patrolling Turkish soldiers “hostage” since last December.
Turkish Deputy Prime Minister Bulent Arinc said parliamentary mandates that sanction cross-border operations in Iraq and Syria will be boosted.
Relations between Egypt and Turkey have taken a turn for the worse since Morsi's ouster by the military.
Interior Minister Efkan Ala called on the UN and nations to assist with the refugee crisis on Turkey's southern border.