Turkey says in efforts to establish joint free zone with Iran
Caglayan said his ministry was working on a project to establish a joint free zone at the Turkish-Iranian border.
Monday, 05 October 2009 14:31
Turkish State Minister for foreign trade Zafer Caglayan said Monday his ministry was working on a project to establish a joint free zone at the Turkish-Iranian border.
Speaking at the meeting of the Turkish-Iranian Business Council in Istanbul, Caglayan said that the global crisis devastated the economies of the world.
Turkey has been (negatively) affected by the global crisis and continues to be affected, Caglayan said.
Hopefully, by the end of 2009, Turkey will overcome the negative effects of the global financial crisis. Turkey will again become a country that shows growth in 2010, Caglayan said.
A global crisis requires a global solution. Countries of the world must increase commercial relations among themselves. As such, the current visit of 200 Iranian businessmen to Turkey carries high importance, Caglayan said.
This meeting would be more meaningful if the businessmen of the two countries make mutual investments and work together in third countries, Caglayan said.
The trade volume between Turkey and Iran was 10.5 billion USD in 2008. The trade volume went down in 2009 due to the global crisis and would reach 6.5 billion USD by the end of this year. These figures do not represent the potential. We must increase mutual trade with Iran to 20 billion USD in the next five years, Caglayan stressed.
We can work together in construction services. In the next decade, more than 130 billion USD of investments would take place in the energy field in Turkey. We desire to see Iranian businessmen involved in Turkey’s energy sector, Caglayan also said.
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