Turkey and South Africa to start talks for preferential trade soon

Turkish Economy Minister Zafer Caglayan said that Turkey and South Africa would soon begin talks for a preferential trade agreement.

Turkey and South Africa to start talks for preferential trade soon

World Bulletin / News Desk

Turkish Economy Minister Zafer Caglayan on Thursday attended the Turkey-South Africa Business Forum in Johannesburg.

Speaking at the forum, Caglayan said that Turkey and South Africa would soon begin talks for a preferential trade agreement.

If we do not sign the agreement, South African products will not be able to have concessional entries into Turkey as of end 2013, Caglayan noted.

Despite the friendship between Turkey and South Africa and the potential of 580 billion USD, I do not think the trade volume of 2.5 billion USD is appropriate, Caglayan stressed.

South African Minister of Economic Development Ebrahim Patel, in his part, said that, with meetings held, Turkish-South African trade ties would blossom.

Our economic relations with Turkey are crucial for us, Patel underlined.

South Africa is an important market for Turkish investors, Patel noted.

We offer opportunities to Turkish businesspeople in agricultural products, mining, medical industry, automotives, space industry and aerospace, Patel also said.

 

 

Güncelleme Tarihi: 05 Ekim 2012, 10:13
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