Turkey to host Turkish-Arab Economic Forum in June

The third Turkish Arab Economic Forum (TAEF) will be held in Istanbul on June 12 under the patronage of Prime Minister Recep Tayyip Erdogan.

Turkey to host Turkish-Arab Economic Forum in June
The Forum is organized by Al-Iktissad Wal-Aamal Group, in cooperation with the Finance Ministry and the Foreign Economic Relations Board in Turkey (DEIK) and the League of Arab States, The New Anatolian said.

Observers say the The Forum now acquires a special importance as it will witness a finance summit, for which the Turkish Finance Minister Kemal Unakitan has invited his counterparts in the Arab World and neighboring countries to discuss the future of Turkish-Arab finance and investment relations, and mechanisms of improving coordination on major regional and international issues. Ministers and businessmen from countries, like Turkmenstan, Azerbaijan and Kazakhstan, will also participate in the Forum.

The Forum comes after the address, which the Secretary General of the League of Arab States made at the 2006 Forum, for broadening the framework of the Forum and developing it from an economic event for businessmen and investors to a platform that can tackle all financial and strategic relations between Turkey and the Arab World, including coordination on the level of political leadership and the participation of the private sector in these countries.

Observers say the Forum also comes at a time of considerable potential for economic ties and cooperation between Turkey and the Arab countries. On its part, Turkey has witnessed growth rates averaging more than 7% annually, since 2003, especially amidst continuing economic reform and growing investment opportunities.

While in the Arab world, a comprehensive process of reform and structural change is underway, supported by unprecedented oil surpluses, resulting in numerous projects of Arab investment in Turkey, in addition to a rush of new development plans and projects, especially in the Gulf countries.
Last Mod: 30 Nisan 2008, 12:54
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