Turkish-British Business Forum begins in Istanbul

Turkish Economy Minister Zafer Caglayan said Turkey and UK were two countries acting together to ensure peace, tranquillity and prosperity in the world.

Turkish-British Business Forum begins in Istanbul

Turkish Economy Minister Zafer Caglayan has said that Turkey could grow 8 percent in the second quarter of the year.

Speaking at the Turkish-British Business Forum in Istanbul, Caglayan said Turkey and the United Kingdom were two countries acting together to ensure peace, tranquillity and prosperity in the world.

He thanked the United Kingdom for extending support to Turkey's European Union membership process.

Referring to the commercial relations between the two countries, Caglayan said, "Turkey's exports to the United kingdom reached $5.5 billion in the first eight months of 2011. Household appliances and textiles have a significant place in our exports to the United Kingdom."

"Turkey has drawn direct foreign investment of more than $100 billion in the last nine years thanks to its economic and political stability, efficient banking system, free market structure and geographical position. Turkey could grow 8 percent in the second quarter of the year. As of end-2011, Turkey can catch a growth performance of nearly 7 percent," he said.

"We are going to break a record in exports. Annual exports reached $130 billion," he said.

Caglayan said that imports would be around $18 billion in August, adding, "we expect imports to go down as of September."

Referring to Turkey-Israel relation, Caglayan said, "our foreign trade with Israel is about $3.7 billion. Turkey is the sixth biggest commercial partners of Israel. Israeli people do not have any responsibility about recent developments. Israeli government is the only responsible. There is no interruption in commercial relations with Israel. But, we decided to recall our commercial counsellor from Israel."

AA

Last Mod: 09 Eylül 2011, 14:15
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