Turkey's Caglayan to visit S. Korea, US next week

Zafer Caglayan said the government wanted to bring more international capital into the country, and Turkey had seized such an opportunity.

Turkey's Caglayan to visit S. Korea, US next week

Turkey's economy minister said on Friday that Turkey would attract more international capital, thanks to its young population, geography, and logistics.

Zafer Caglayan said the government wanted to bring more international capital into the country, and Turkey had seized such an opportunity.

"We hope Turkey would attract more international capital, thanks to its young population, geography, and logistics," Caglayan said as he received members of International Investors' Association (YASED) in Ankara.

Caglayan said Turkey's most important feature was political stability, and underlined importance of international capital for future risk premium of a country.

"In this sense, Turkey is the biggest attraction center with its political and economic stability, and free market economy," Caglayan said.

Caglayan said he would visit South Korea and the United States next week, adding that there were companies in both countries, willing and determined to invest in Turkey.

Also speaking in the meeting, YASED Executive Board Chairman Izzet Karaca said the association was eager to walk towards Turkey's targets for 2023, when the country would celebrate the 100th anniversary of the republic, together with the government with a win-win understanding.

Direct foreign capital flow in Turkey was around 98.5 billion USD between 2001 and 2010.

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Last Mod: 05 Ağustos 2011, 15:59
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