Turkish govt to make public new incentive system

"Turkey will become one of the biggest economies in the world in 100 years, together with Poland and Japan," Turkish state minister for foreign trade said

Turkish govt to make public new incentive system

Turkish state minister for foreign trade said on Saturday that the government would make public a new incentive system by the end of 2010.

Zafer Caglayan said the government had reached the final stage in its studies on a new incentive system.

"We will negotiate the studies with all concerned institutions, and then the system will be presented to the government for approval," Caglayan said during the general assembly of the Turkish Confederation of Employers' Unions (TISK) in Ankara.

Caglayan said the global economy was shifting to the emerging countries from the developed countries, and Turkey was situated in a region also including Brazil, Russia, India and China.

"Turkey will become one of the biggest economies in the world in 100 years, together with Poland and Japan," he said.

Caglayan said exports had started to recover in 2010, and enumerated some of the obstacles before exports as problem in the European economy, overvalued Turkish lira (TL), and negative impact of Euro-USD parity.

Turkey's exports reached 4.4 billion USD in the first ten days of December, which indicated a year-on-year 51.1 percent rise, Caglayan said.

Caglayan said Turkey earned 10 billion USD from its exports in December 2009, and 106.5 billion USD between January 1 and December 10, 2009.

Minister Caglayan also said he would travel to Africa with a number of businessmen on Sunday.

AA

Last Mod: 11 Aralık 2010, 14:00
Add Comment