Latin America offers business opportunities: Turkish minister

Turkey's chief negotiator for talks with the European Union has said Latin America offered remarkable business opportunities.

Latin America offers business opportunities: Turkish minister

Turkey's chief negotiator for talks with the European Union has said Latin America offered remarkable business opportunities.

Speaking to reporters in the Brazilian city of Foz do Iguacu, Turkish State Minister & Chief Negotiator for EU talks Egemen Bagis said Brazil was the fastest growing economy in the world, and he hoped the agreement on prevention of double taxation signed by Turkey and Brazil on Thursday would improve the current 1.5 billion USD trade volume between the two countries.

Pointing to the infrastructure projects in Brazil, Bagis said the country offered great investment opportunities especially for Turkish contractors.

Bagis also said the memorandum signed by Turkey and the South Common Market (MERCOSUR) on Thursday in an effort to establish political dialogue and cooperation would help Turkey launch political cooperation with all the countries in Latin America.

"There are significant economic opportunities in this region of the world. We are displaying efforts in different parts of the world to open the way for Turkish business world and improve our country's potential," he said.

The minister also noted that MERCOSUR would provide Turkey with the necessary infrastructure to launch and improve bilateral commercial ties, security relations and joint projects with the region.

Bagis said Turkish and Brazilian firms currently carried out joint projects in Libya and they could implement similar projects in the Caucasus, Central Asia and Gulf regions in near future.

Bagis arrived in Brazil to attend MERCOSUR ministerial meeting in Foz Do Iguacu.

The minister is expected to depart from Brazil for Turkey on Friday.

Last Mod: 17 Aralık 2010, 13:46
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