Visa-free travel to boost trade with Moldova and Turkey

Turkey's Minister of Customs and Trade Hayati Yazici said that a free trade agreement to be signed between Moldova and Turkey would not only help further bilateral trade relations, but also investments in both countries.

Visa-free travel to boost trade with Moldova and Turkey
World Bulletin / News Desk
 
Turkey's Minister of Customs and Trade Hayati Yazici said Thursday that he hopes the decision to abolish visas between Turkey and Moldova will soon be implemented. 

Hayati Yazici pointed out the importance of free travel in furthering bilateral trade relations and said that, although the trade volume between the two countries keeps increasing, it is not at the desired level yet. Yazici spoke at Turkey-Moldova Joint Economic Committee's Seventh Term Meeting at Moldova's capital Kishinev. 

 "Our foreign trade volume jumped from $44 mn in 2002 to $537 mn in 2013. Similarly, the export volume went from $40 mn in 2002 up to $276 mn in 2013. However, we think that this is not a true indicator of the economic potential between Moldova and Turkey. Much needs to be done in order to reach the goal of $1 bn set by (Turkish and Moldovan) Prime Ministers," Yazici said. 

He also added that a free trade agreement to be signed between Moldova and Turkey would not only help further bilateral trade relations, but also investments in both countries. 

"In this respect, it is important to provide investors with legal assurances and administrative facilitations. I hope that the Bilateral Agreement for the Promotion and Protection of Investments signed in 1994 is adapted in the light of current conditions. This would be very beneficial," Yazici said. 

Prime Minister of Moldova Lurie Leanca said that the increasing relations between the two countries is heartening. 

Following the Committee meeting, Yazici attended a lunch meeting organized by the Association of Turkish Businessmen in Moldova.

Last Mod: 06 Şubat 2014, 17:17
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