Turkey calls on Islamic states to set up common economic zone

Turkish Minister called on OIC members to set up a common economic zone.

Turkey calls on Islamic states to set up common economic zone

Turkish State Minister Zafer Caglayan called on members of Organization of the Islamic Conference (OIC) to set up a common economic zone.

Speaking at the opening session of the 13th International Business Forum Congress in Cairo on Tuesday, Caglayan said that Turkey attached importance to develop trade with neighboring countries during global economic crisis period.

Caglayan said that Turkey did not have any involvement in the emerging of global economic crisis, but it suffered from the influences of the crisis like other developing countries. He added that the influence of crisis on Turkey was more limited than it was on the U.S. and the EU.

He said that Turkey had a strong position especially in banking sector.

Caglayan said that Turkey exported products worth of 132 billion USD to more than 200 countries in 2008, adding that total trade volume was 334 billion USD.

He noted that Turkey's foreign trade volume with 57 member states of OIC increased from 47 billion USD in 2007 to 62 billion USD in 2008.

Caglayan said that 1.4 billion people were living in 57 OIC-member states, and this was an important part of world population.

Noting that export figure of Islamic countries in 2008 was 1.4 trillion USD, Caglayan said that total product export of the world in 2008 was 16 trillion USD. He added that Turkey believed that the export figure of Islamic countries should be increased.


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Last Mod: 13 Ekim 2009, 17:34
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