Turkey to establish country desks to boost foreign trade
Turkey will create country desks to further improve its foreign trade, Foreign Trade Minister Zafer Çağlayan said on Wednesday, adding that lucrative investment opportunities are available for the Turkish construction industry in Egypt
Initially, country desks will be established for 14 target countries and 25 priority countries, along with countries such as China with which trade opportunities have not yet been completely examined. Using China as an example, the minister gave details on how the system will function by recalling that Turkey’s total exports to China are worth $1.5 billion, while total imports from China are about $1.2 trillion, which means that Turkey has failed to develop the necessary trade strategies for China.
In an assessment of his talks in Egypt, Çağlayan noted that Egypt offers lucrative investment opportunities for the Turkish construction industry. He said 49 projects worth a total of $18 billion in railroad, port, water treatment plant and road construction are available in Egypt, and added that Egypt’s investment minister has invited Turkish construction firms to present bids for the tenders of these projects too. In relation to this, a technical crew will visit Ankara on Oct. 27 to meet with trade bodies and associations to discuss the investment opportunities, he said.
Recalling that the Turkish construction industry has undertaken projects in more than 70 countries, the minister said that despite this, the export of building materials is still low and noted that work is underway to increase the export of these materials.
A trade attaché has been assigned to Alexandria, Egypt, Çağlayan said, as they expect trade with Egypt will increase further in the future.
15 October 2009, Thursday
TODAY’S ZAMAN WITH WIRES İSTANBUL