Turkey-Tanzania trade forum held in Istanbul

Turkish State Minister for foreign trade Caglayan participated in a trade and investment forum held between Turkey and Tanzania in Istanbul.

Turkey-Tanzania trade forum held in Istanbul

Turkish State Minister for foreign trade Zafer Caglayan participated in a trade and investment forum held between Turkey and Tanzania on Saturday in Istanbul.

Speaking at the event hosted by Turkey's Confederation of Businessmen and Industrialists, Caglayan said Turkish government's efforts to boost trade ties with the African continent had paid off as the trade volume soared to some 16 billion USD in 2008 from 5 billion USD in 2005.

The Turkish foreign trade minister said African countries claimed a share of 4 percent in 2003 in Turkey's exports, in 2009 the figure climbed up to 10 percent.

Caglayan said Turkey and Tanzania signed on Thursday an agreement to strengthen trade ties between the two countries, urging Turkish businesspeople to make investments in Tanzania "to strengthen bridges of trade."

Caglayan recalled that Turkey was the sixth biggest economy in Europe, saying that an international credit rating agency had recently upgraded the country's rating and economic outlook.

"Despite the global economic recession, Turkey remained as one of the 14 countries whose ratings had been raised by international credit rating agencies," Caglayan said.

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Last Mod: 20 Şubat 2010, 17:44
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