Turkey says aims to double trade volume in South-East Europe

Minister Caglayan said that "our goal is to double the trade volume of South-east European countries in the next five years".

Turkey says aims to double trade volume in South-East Europe

Turkish State Minister Zafer Caglayan said Tuesday the trade volume between the countries of South-east Europe was over 72 billion USD in 2007 and that the figure dropped to 53 billion USD in 2009 due to the global financial crisis.

Speaking at the inauguration of the "Meeting of the Ministers for Foreign Trade of South-east European Countries" in Istanbul, Minister Caglayan said that "our goal is to double the trade volume of South-east European countries in the next five years".

The platform (on South-east European countries) will help the regional geography to realize its potential, create opportunities for joint cooperation, and facilitate growth of the regional countries in a stable way, Caglayan said.

The Gross Domestic Product (GDP) of the regional countries was over 1.3 trillion USD. There is a great potential for the region with its trade volume of more than 500 billion USD and a population of 140 million people, Caglayan said.

Turkey's investments in the South-eastern European region exceeded four billion USD, Caglayan said.

Turkish contractors are active in the region and have assumed 230 projects worth around nine billion USD, Caglayan said.

One of the ways to boost trade in the region is to form cooperation in the transportation sector, Caglayan said.

We must lift all obstacles to land transportation in the region, Caglayan said.

Our goal should be to end all bureaucratic procedures, including charging fees, for trucks travelling in the region, Caglayan also said.

The meeting continued closed to the press following Caglayan's speech. (SOL-CE)


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Güncelleme Tarihi: 30 Mart 2010, 13:06

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