Minister expects no economic effects on Turkey over Israel attack

Israel's share in Turkey's economy is minimal -- around one percent -- as for in tourism, bilateral trade or in foreign direct investments," Simsek said.

Minister expects no economic effects on Turkey over Israel attack

Turkish finance minister has downplayed possible knock-on effects on Turkey's economy from apparently deteriorated relations with Israel in the aftermath of a deadly Israeli raid on a Gaza-bound aid flotilla.

"I don't think that we would see a major impact from the Israeli incident," Mehmet Simsek told reporters on Thursday following a Brussels meeting on the global recession and it effects on the Turkish economy, organized by the European Policy Center and TUSCON, a Turkish business association.

The predawn raid on Monday of Israeli navy commandos on the Gaza aid flotilla killed 9 people -- eight of them are Turkish nationals -- and wounded many others.

"We will be receiving may be twice as many as tourists from the Middle Eastern countries than we expect to receive from Israel. Besides, Israel's share in Turkey's economy is minimal -- around one percent -- as for in tourism, bilateral trade or in foreign direct investments," Simsek said.

"Relations between Turkey and Israel would never be the same again. Israel will have to face the consequences of its actions."



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Last Mod: 03 Haziran 2010, 16:57
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