Minister: Turkey-Africa trade volume rises 140 pc

Turkish State Minister Kursad Tuzmen said that Africa had a great potential, adding that the continent would be the rising start of the future period.

Minister: Turkey-Africa trade volume rises 140 pc
Turkish State Minister Kursad Tuzmen said on Monday that the trade volume between Turkey and African countries rose 140 percent between 2003 and 2007.

Tuzmen added that the trade volume between Turkey and African countries was 5.4 billion USD in 2003, and it climbed to 13 billion USD in the end of 2007. Tuzmen expressed belief that the trade volume would be 50 billion USD by 2012.

Tuzmen spoke at the inauguration of "Turkish-African Business Forum", an event of Turkey-Africa Cooperation Summit, hosted by the Union of Chambers and Commodity Exchanges of Turkey (TOBB) and Foreign Economic Relations Board of Turkey (DEIK) in Istanbul.

Tuzmen said that Africa had a great potential, adding that the continent would be the rising start of the future period.

Tuzmen said that Turkey started to implement a new African strategy in the beginning of 2003.

He said that trade volume between Turkey and African countries increased 55 percent in the first half of 2008, adding that it would reach 19 billion USD in the end of 2008.

Tuzmen said that Turkey signed commercial and economic cooperation agreements with nine African countries since 2003, and also free trade agreements were signed with Morocco, Tunisia and Egypt.

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Last Mod: 18 Ağustos 2008, 14:51
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