'Turkey, Syria can cooperate in financial sector'

Syrian Minister Muhammad al-Husayn said the banks in Turkey and Syria could open branches reciprocally or the two countries could establish joint banks.

'Turkey, Syria can cooperate in financial sector'
Syria's Finance Minister said on Thursday that his country could cooperate with Turkey in the financial sector.

Delivering a speech at a meeting held within the framework of the "3rd Turkish-Arab Economic Forum" in Istanbul, Syrian Minister Muhammad al-Husayn said the banks in Turkey and Syria could open branches reciprocally or the two countries could establish joint banks.

Al-Husayn said the free trade agreement signed between the two countries boosted commercial relations, adding that the tax rates on certain commercial goods would be reduced soon.

Speaking at the meeting, Libya's Deputy Foreign Minister Mohammed Siala said economy was the key element for the improvement of relations between Turkey and the Arab world.

Siala also said that Libya was eager to participate in agricultural projects carried out in Turkey.

During the meeting, Rifat Hisarciklioglu, chairperson of Union of Chambers & Commodity Exchanges of Turkey (TOBB), said that a 1.5 trillion USD fund was currently under the control of Arab countries and such figure was expected to rise up to 6 trillion USD by the year 2015.

Hisarciklioglu also said that Turkey was an attractive market for the Arab capital.

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Güncelleme Tarihi: 13 Haziran 2008, 12:10
YORUM EKLE