Turkey's Foreign Minister Ali Babacan predicts the flow of direct capital into Turkey will decrease in 2008, The New Anatolian reported.
Speaking to a group of journalists on the way to Ankara from Oman, Foreign Minister Ali Babacan said global economic fluctuation will have an impact on the flow of direct capital into Turkey. He said developments in Turkey's domestic issues will also have an impact on capital flow into Turkey.
Direct capital that entered Turkey in 2007 was 22 billion USD, Babacan said.
Reminded about the issue of headscarf in Turkey, Babacan stressed that "sooner or later, this issue would have come to Turkey's agenda. Turkey could not continue with such a ban on headscarves at universities".
On Turkey's talks with the European Union, Babacan noted that Turkey developed a new strategy after eight chapter headings were blocked due to the Cyprus issue at the start of 2007.
Babacan said Turkey will legislate 188 new laws and make 576 secondary adjustments by the year 2013.
Touching on his visit to Oman on Saturday, Babacan said that Turkish contractors assumed projects worth two billion USD in Oman. "I have tried to secure new projects for Turkish businessmen in Oman," Babacan reported.
Babacan said Turkey signed agreements with Oman to prevent double taxation and preserve mutual investments. He said Turkey wants closer security relations and invited the defense minister of Oman to Turkey.
"Oman is helpful on Cyprus. Turkish Republic of Northern Cyprus (TRNC) will soon open a representation office in Oman," Babacan reported.
"We must develop our relations with the Gulf Cooperation Council (GCC), a body comprised of six countries. We are working on a free trade agreement with the GCC," Babacan concluded.
Last Mod: 28 Nisan 2008, 18:15