Turkey eyes India’s $500 billion market
Posted by meb at March 19th, 2008
Turkey has set its eyes on India’s $500 billion investment market, Turkey’s foreign trade minister said on Tuesday in New Delhi, where he was visiting with a delegation of 170 businessmen.
Speaking to the press after a meeting with Indian Minister of Industry and Trade Kamal Nath, Kürşad Tüzmen said despite India’s $400 billion trade volume and Turkey’s $280 billion trade volume, trade between the two countries was only at $2.5 million. “This means that we aren’t really making good use of this trade volume of $680 billion. A most appropriate start for making good use of our trade volumes and increasing mutual trade would be to sign a free trade agreement between our two countries.” The foreign trade minister also said this visit was the first time such a large trade delegation was visiting India. “We have now started laying the foundation for developments that will increase investments and production.” Nath said India greatly appreciated the experience of Turkish businessmen in the construction sector. “Turkey has a good chance in that market here. Our businessmen will certainly take advantage of that experience,” he added.
source: Today’s Zaman
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