Turkish exports to United States up 20 p.c.

"In my opinion, this is not an issue to discuss so much, it has zero effect on the market," Babacan said.

Turkish exports to United States up 20 p.c.

World Bulletin / News Desk

Turkey's deputy prime minister said on Thursday that Turkish exports to the United States were up 20 percent in 2011.

Ali Babacan said that Turkey's imports from the United States rose 30 percent in 2011.

"2011 was a year, during which our foreign trade boomed," Babacan told a press conference in New York, the United States.

Babacan said Turkey and the United States held their first meeting to boost economic and trade relations in Washington in 2010.

The second meeting would take place in Turkey in June, Babacan said.

Babacan said Turkey was an efficient G-20 member, and Turkey had a significant prestige as a country which was voicing its views on many issues and which was steering developments.

Ali Babacan said Standard & Poors (S&P) did not downgraded Turkey's outlook but just turned it to stable from positive.

"In my opinion, this is not an issue to discuss so much, it has zero effect on the market," Babacan said.

Babacan also said investors knew well about Turkey, and evaluate Turkey and make their decision on their own.

Deputy Prime Minister Ali Babacan is in New York to attend a high-level debate at the UN General Assembly on "state of the world economy and finance in 2012.

Güncelleme Tarihi: 18 Mayıs 2012, 10:52

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