4/3/2009

Spanish companies set sight on Turkey

Today’s Zaman – Spanish companies will come to Turkey in July to look for cooperation opportunities and to establish joint ventures. Around 30 Spanish companies in the energy, transportation and environment sectors will search for investment opportunities with the Turkish companies in third countries. Prior to a scheduled visit by the Spanish prime minister to Turkey, Isaac Martin Barbero, economic and commercial counselor in the Spanish embassy in Ankara, held a press conference to give information about the commercial relations between the two countries and opportunities for cooperation. Barbero said Spain was ranked the 10th country amongst Turkey's foreign trade partners, indicating that the bilateral trade between Turkey and Spain progressed in a balanced way. He said that not only the Spanish government, but also the companies in Spain advocated Turkey's EU membership, noting that the Spanish companies increased their investments in Turkey in regard to automotive, environment and transportation industries in a bid to influence Turkey's EU membership. Barbero said there is stagnancy in the trade relations of the two parties on the back of the global economic crisis, noting that this is not permanent and that Spanish companies are still willing to make investments in Turkey in the areas of transportation infrastructure, energy and environment.