Turkey and Greece set to boost trade, investments

Yeni Safak / Star – With a bilateral trade volume that has jumped by more than 100 percent over the past decade, the two nations on the opposite sides of the Aegean Sea are now looking at taking trade and investments to a higher level.

“Turkey and Greece have set the goal to reach USD 10 billion of trade by 2015…”, remarked Turkey’s Prime Minister Recep Tayyip Erdoğan at the Turkey-Greece Business Forum held in Istanbul during Greek Prime Minister Antonis Samaras’ day-long visit to the country. Noting that the trade volume between Turkey and Greece has reached USD 5 billion even amidst the financial crisis, Erdogan drew attention to the 25 separate cooperation deals in various sectors signed between the two countries during his counterpart’s visit.

“The target has been set. We must resolutely pursue this goal..”, Turkey’s Prime Minister said of the trade volume goal of USD 10 billion to be reached by 2015.

Having attended a series of meetings held between Turkish officials and the Greek delegation, which consisted of 12 cabinet ministers and more than a hundred businessmen, Ilker Ayci, the President of the Investment Support and Promotion Agency of Turkey (ISPAT), said that investments from Greece into Turkey reached USD 6.6 billion between 2002 and 2011. “The Agency will take steps to make Turkey’s new investment incentives better known to Greek investors” said Ayci on the sidelines of the second Turkey-Greece High Level Cooperation Council meeting.

Image of Recep Tayyip Erdogan - Antonis Samaras
Turkey; turkish-greece trade; samaras visit turkey; recep tayyip erdogan; turkey-greece business forum; ilker ayci; ispat