Target is 30 bl. dlr. at Turkey-Africa trade program

"We aim at increasing our trade volume with African countries up to 30 billion USD till end-2010," Turkish State Minister Kursad Tuzmen said on Wednesday.

Target is 30 bl. dlr. at Turkey-Africa trade program
"We aim at increasing our trade volume with African countries up to 30 billion USD till end-2010," Turkish State Minister Kursad Tuzmen said on Wednesday.

Speaking at the the second meeting of Turkey-Africa Foreign Trade Bridge Program, Tuzmen said, "as a result of our strategy to develop economic relations with African countries, trade volume between Turkey and African countries increased 120 percent to 12 billion USD in 2006 from 5.4 billion USD in 2003.

" We aim at increasing our trade volume with African countries up to 30 billion USD till end-2010."

"Turkish contractors undertook significant projects in the African content worth of 2.4 billion USD in 2006. We target to increase this amount to 15 billion USD in the next three years," he said.

Tuzmen said, "on the other hand, we expect Turkish investments in African countries such as Algeria, Libya, Sudan, Egypt, South Africa, Tunisia, Morocco and Ethiopia to rise to 4 billion USD in the coming years."

"We have signed commercial and economic cooperation agreements with seven African countries since 2003. In addition, we signed free trade agreements with Morocco, Tunisia and Egypt," Tuzmen added.

Meanwhile, Union of Turkish Chambers & Commodity Exchanges (TOBB) Chairman Rifat Hisarciklioglu said that Turkey's total foreign trade volume with African countries reached 12 billion USD.

Turkish Confederation of Businessmen & Industrialists (TUSKON) Chairman Rizanur Meral said in his part, "nearly a thousand guests came to Turkey from Africa to attend the meeting.

They will hold bilateral talks with more than 3 thousand Turkish businessmen during their stay in Turkey. We expect them to sign business contracts worth of 500 million USD with their Turkish counterparts."

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Last Mod: 16 Mayıs 2007, 23:44
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