Çağlayan’s China trip improves Turkey-China economic relations
Turkish State Minister for Foreign Trade Zafer Çağlayan’s ongoing official visit to China has helped the establishment of better economic relations between the two nations through increased business talks, agreements underlining commitments for furthering ties and mutual arrangements to participate in joint projects.
The minister also delivered a speech on Saturday in Beijing during the opening ceremony of the Turkish Trade Center. He spoke about the foreign exchange reserves of the Chinese state, which amount to $2.1 trillion. “We want a flow from these resources to Turkey, and we also want China to buy some bonds and Eurobonds from Turkey,” Çağlayan noted.
“We also want China to open banks in Turkey,” the minister stated. “China opening banks in Turkey would bring momentum to relations,” he added.
Çağlayan said that 70 percent of Turkey’s exports to China were related to the mining sector, adding that a big Chinese mining company would send 10 of its engineers to Turkey in the coming days. He said China was very positive about the mining sector in Turkey.
28 September 2009, Monday
OSMAN EROL BEIJING, SHANGHAI