Turkey, India agree on forming working group for free trade deal
Turkish State Minister Caglayan said that the officials who would take place in the working group would meet in October.
Tuesday, 08 September 2009 12:13
Turkish State Minister Zafer Caglayan received Indian Commerce & Industry Minister Anand Sharma in Ankara on Tuesday.
Sharma is in Ankara to attend a meeting of Turkey-India Economic & Technical Cooperation Joint Committee.
Following his meeting with Sharma, Caglayan told reporters that they reached an understanding with the Indian minister on a working group on a free trade agreement which was planned to be signed between Turkey and India.
He noted that the officials who would take place in the working group would meet in October.
Caglayan said that the trade volume between Turkey and India had been 3 billion USD in 2008.
Infrastructure and super structure construction projects –worth of 500 billion USD– would be implemented in India in the next ten years, Caglayan said that it was important that Turkish contractor companies would undertake those projects.
Caglayan also said that the two countries could cooperate in medicine, chemicals, communication, information technologies and textile sectors.
Caglayan said that India would become neighbor with Europe via Turkey with the free trade agreement they were planning to sign.
Meanwhile, guest minister told reporters that they would provide more incentives to companies in public sector, adding that they would encourage companies for mutual investments in Turkey and India.