Turkey, UK sign information partnership deal

Zafer Caglayan and British Secretary of State for Business, Innovation & Skills John Vincent Cable signed an information partnership agreement after a meeting between Turkish and British delegations in Ankara.

Turkey, UK sign information partnership deal

Turkish minister for economy has said that the information partnership agreement would create new opportunities and new commercial developments between Turkey and the United Kingdom.

Zafer Caglayan and British Secretary of State for Business, Innovation & Skills John Vincent Cable signed an information partnership agreement after a meeting between Turkish and British delegations in Ankara.

"Turkey-the United Kingdom trade volume reached $12 billion in 2010. Our trade volume has been continuing to rise in 2011. Turkey's exports to the United Kingdom increased to $4.6 billion and imports rose $3.4 billion in the January-July period of the year. Now, the information partnership agreement we signed today will create new opportunities and new commercial developments between Turkey and the United Kingdom. Our target is to double the trade volume till 2015. 2,304 British firms have made investments worth of $4.1 billion in Turkey while number of Turkish firms investing in the United Kingdom has risen to 100," Caglayan said at the signing ceremony.

"Under the information partnership agreement, we will carry out several projects especially in energy and energy productivity. Turkey is planning to make energy investments worth of $120 billion in the next ten years," he said.

"We will also work about our project for Istanbul as a regional finance center. We want to benefit from the United Kingdom's experiences to this hand," he added.

British Secretary of State for Business, Innovation & Skills Cable, on his part, said that they considered Turkey as a strategic partner.

He said that they wanted to cooperate with Turkey especially in the third countries.

We can also cooperate in energy and finance, Cable added.

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Last Mod: 26 Eylül 2011, 14:14
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