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01:53, 19 March 2018 Monday
Update: 02:11, 08 March 2018 Thursday

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Turkey looks to boost Mediterranean region's capacity
Turkey looks to boost Mediterranean region's capacity

Mediterranean Basin's share in world trade volume is 19 percent, worth $3.7 trillion, Turkish development minister says

World Bulletin / News Desk

Turkey aims to raise the international competitive capacity of the Mediterranean Region, Development Minister Lutfi Elvan said on Wednesday.

Addressing the Mediterranean Economic Forum in southern Mersin province, Elvan said the Mediterranean Basin comprises 21 countries with over than 500 million people, $8 trillion national income and $3.7 trillion trade volume.

He added the basin's share in the world's trade volume was 19 percent.

Four basic axes -- transportation substructure, value-added production, entrepreneurship and digital transition -- to raise the basin's competitiveness have been specified, he said.

"If we want to be a global power, we need to realize digital transition in the all of production processes," he said.

Turkey has an opportunity to access the market that includes 1.6 billion population and $36 trillion, he said.

He said the country was strengthening its connections, especially with the east, north and west via its new projects such as Mediterranean Coast Road that would provide a link between Mersin and Turkey's resort city Antalya and the Cukurova Regional Airport, which is expected to have 30 million annual passenger capacity.

In Mersin, a port that with 13 million container capacity will be built alongside Turkey's other port projects in the Aegean and the Black Sea, he stated.


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