Turkey-Australia JEC meeting to be held in Canberra

Turkey-Australia Joint Economy, Commerce and Technical Committee meeting will be held in Australian city of Canberra, on February 23rd.

Turkey-Australia JEC meeting to be held in Canberra

The meeting, which will be co-chaired by Mehmet Simsek, Turkey's State Minister in Charge of the Treasury and Australia's Trade Minister Simon Crean, will focus on ways to boost the trade volume between the two countries up to 3 billion USD.

A press release issued Friday by Turkey's Foreign Trade Undersecretariat, said a road map for economic and commercial measures covering 2010-2012 would be shaped during the meeting.

Officials of the two countries will assess possible areas of cooperation like contracting and consultancy services, agriculture, energy and transportation.

The JEC will also work to complete the legal framework for cooperation and try to conclude the agreement on "prevention of double taxation."

Simsek's programme

Simsek who will be accompanied by a delegation of Businessmen, will leave for Austalia Friday evening.

He will hold meetings with Crean and Australia's Treasurer Wayne Maxwell Swan on February 23rd.

Simsek will also meet Victoria State's Premier John Brumby and Treasurer Martin Pakula in Melbourne, on February 24th. He will deliver a speech at the Turkish Australian Business forum to be held the same day.

Turkey, Australia trade relations

The trade volume between Turkey and Australia reached 1.2 billion USD in 2008, marking a 29 percent rise compared to 2007.

Turkey's exports to Australia showed a similar trend and reached 367 million USD with a 26 percent rise from 291 million USD in 2007.

Last Mod: 20 Şubat 2009, 14:41
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