Minister: 'Free trade deal to boost Turkey-India trade volume'

Turkish State Minister Kursad Tuzmen wanted Indian businessmen to put pressure on political will for a free trade agreement between Turkey and India as soon as possible.

Minister: 'Free trade deal to boost Turkey-India trade volume'

Speaking at the inauguration of Turkish-Indian Business Forum in Mumbai on Friday, Tuzmen said thanks to "surrounding countries strategy" in export, the share of neighboring countries in Turkey's export figure increased from three percent to 34 percent.

They need something to speed up economic relations between Turkey and India, and a free trade agrement is the formula, Tuzmen said.

Tuzmen said if free trade agrement is signed between Turkey and India, trade volume will rise from 2.6 billion USD to 10 billion USD in a short time.

Tuzmen wanted Indian businessmen to come and learn about Turkey, and said Turkish Airlines (THY) should double the number of its flights to India which is currently seven times in a week.

Tuzmen said if THY increases the number of its flights to India, the number of Indian tourists who visit Turkey will increase from 45,000 (in 2007) to 90,000.

On the other hand, Sushil Jiwarajka, chairman of western region council of Federation of Indian Chambers of Commerce & Industry (FICCI), said India envisages to make 1 trillion USD of investment within the next ten years. He added that India's investments in foreign countries increased, and there is a big potential for mutual investments.

Jiwarajka called on Turkish companies to invest in India, and he recalled that Indian company GMR recently signed a contract for an investment in airport in Istanbul.

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Last Mod: 21 Mart 2008, 16:10
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