3/19/2008

Turkey eyes India's $500 billion market

Today's Zaman - 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, Kursad Tuzmen 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. We have now started laying the foundation for developments that will increase investments and production” he said.

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