Posted by meb at March 19th, 2008

The trade volume between Turkey and European Union (EU) increased by 8.5 percent last year and reached 99.5 billion euros.

According to EU’s statistical institution
Eurostat, imports from EU to Turkey increased by 5 percent in 2007 and reached 52.6 billion euros while Turkey’s exports to the EU increased by 12 percent in 2007 and reached 46.9 billion euros.

Turkey succeeded in bringing down its trade deficit with the EU to 5.7 billion euros in 2007 from 8.3 billion euros in 2006.

Turkey was EU’s fifth biggest market with imports worth 52.6 billion euros in 2007.

Turkey ranked seventh in the world with its exports to the EU in 2007.

source: The New Anatolian

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