Turkey-Canada trade to be given more balanced structure: minister

The Turkish state minister for foreign trade said that trade between Turkey and Canada would be given a more balanced structure.

Turkey-Canada trade to be given more balanced structure: minister

The Turkish state minister for foreign trade said on Tuesday that trade between Turkey and Canada would be given a more balanced structure.

Speaking at a meeting of Turkey-Canada Business Forum in Istanbul, Turkish State Minister Zafer Caglayan said the current trade volume between Turkey and Canada amounted to nearly 1.2 billion USD, while the total foreign trade volume of the two countries equalled to almost 1 trillion USD.

"The trade volume between Turkey and Canada is nearly 0.1 percent of the two countries' total trade volume. This means we have not succeeded in establishing the necessary commercial ties and trade bridge between our countries. Our bilateral trade would be given a balanced structure," Caglayan said.

The minister said it was an important development that Canada had become aware of Turkey at last and selected Turkey as a target country.

Caglayan noted that Turkey and Canada were eager to cooperate, adding ministers, businessmen and business organizations of both countries agreed that such cooperation should be carried to third countries as well.

"I believe our bilateral trade volume, which is far from reflecting our actual potential, will increase much more once we get to know each other better," the minister said.


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Last Mod: 07 Aralık 2010, 13:38
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