Minister says France, Turkey economies 'not rivals'

Caglayan, said Thursday that France and Turkey were not rivals, but had economic structures that completed each other.

Minister says France, Turkey economies 'not rivals'


Turkish State Minister for Foreign Trade, Zafer Caglayan, said Thursday that France and Turkey were not rivals, but had economic structures that completed each other.

Caglayan told reporters Thursay that he communicated this position to French Minister of Economy, Industry and Employment Christine Lagarde during his meeting with her.

He said the two countries would form a joint commission to discuss bilateral cooperation potentials and potential for cooperation in third countries.

"A working group from France will come to Turkey to work out the technicalities for joint and reciprocal investments on February 18. We will seize the opportunity to go over these technicalities with French Secretary of state for Foreign Trade Anne-Marie Idrac during her upcoming visit to Turkey on Februay 25 and 26," said Caglayan.

Caglayan said Turkish economy showed signs of recovery in the aftermath of the crisis noting that in December Turkey's exports recorded a 30.3% of rise, with industrial production also picking up with 25.2% rise in the same month and auto exports recording a 47% year on year increase in January.

He said the Turkish banking sector did not support the real sector as much as it should, noting that if it had extended the needed support, it might have been a brighter picture.



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Last Mod: 11 Şubat 2010, 13:07
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