Turkey's Erdogan addresses Hungarian businesspeople

Erdogan said Turkey and Hungary had the potential for cooperation in automotive, information technologies, communication, tourism, construction and energy.

Turkey's Erdogan addresses Hungarian businesspeople

World Bulletin / News Desk

Turkish Prime Minister Recep Tayyip Erdogan on Tuesday addressed Hungarian businesspeople in a Turkish-Hungarian Business Forum meeting in Budapest, the second stop of the Turkish premier's three-nation Eastern European tour.

"Turkey has a lot to give to Europe. Some of the European leaders fail to see or they do not want to see it. But our friends with vision here in Hungary see it and they extend major support to Turkey," Erdogan said.

Erdogan said Turkey's exports to Hungary totalled $500 million in 2012, adding that imports from Hungary were $1.5 billion in 2011.

"We have to materialize our true potential. We agreed that if we try hard we can boost our trade volume to $5 billion by 2015," he said.

Erdogan said Turkey and Hungary had the potential for cooperation in automotive, information technologies, communication, tourism, construction and energy.

Erdogan said Turkey had compensated shrinkage in its exports to Europe with new markets in Africa, Latin America and Asia, adding that new markets contributed $20 billion to Turkey's foreign trade volume.

Erdogan said Turkish entrepreneurs in Europe own 140,000 businesses, employing 640 thousand people with an annual turnover of more than 50 billion euros.

Last Mod: 06 Şubat 2013, 09:20
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