Turkey, Malaysia have potential to make $11.7 bln trade: minister

The two countries would work to increase trade volume to 5 billion U.S. dollars in a shortest period of time, Turkish Economy Minister said.

Turkey, Malaysia have potential to make $11.7 bln trade: minister

World Bulletin / News Desk 

Turkish Economy Minister Zafer Caglayan said on Friday that Turkey and Malaysia had potential to make 11.7 billion U.S. dollars of foreign trade.

Delivering a speech at the Turkish-Malaysian Business Council meeting, Caglayan said that although total foreign trade of both countries was more than 776 billion U.S. dollars, trade volume between the two countries was 1.7 billion U.S. dollars.

The two countries would work to increase trade volume to 5 billion U.S. dollars in a shortest period of time, he said.

Turkish and Malaysian businessmen would benefit from a free trade agreement between the two countries, he said, adding that the agreement would be signed as soon as possible.

Turkey attracted 120 billion U.S. dollars of foreign direct investment in the past eight years, he said. "I hope Malaysian businessmen will make good use of opportunities in Turkey," he said. Caglayan said that there was need for global cooperation to weather global economic crisis.

Güncelleme Tarihi: 12 Ekim 2012, 14:50
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