6/6/2008

Japanese automakers invited to invest in western Turkey

Today’s Zaman - President Abdullah Gul yesterday called on Japanese business figures to make investments in Turkey while portraying European Union candidate Turkey as an ‘attractive’ country for Japanese investors. On the second day of a landmark official visit to the Japanese capital of Tokyo, President Gul and a delegation of Turkish ministers yesterday met with some of the key leaders in the Japanese automotive sector to discuss investment opportunities for Japanese businessmen in Turkey. The Turkish delegation told Japanese businessmen at the working breakfast that some regions of western Turkey, such as Trakya, Balikesir and Kutahya, are most suitable for automotive investment, the Anatolia news agency reported. Foreign Trade Minister Kursad Tuzmen and Economy Minister Mehmet Simşek talked about the improving investment climate for foreign investors in Turkey. Simsek said Turkey would leave Italy, South Korea and Canada behind in 2040 as far as the size of its economy is concerned. He noted that Turkey would make $110 billion worth of energy investments in the next 10 years, a large portion of which will be in the wind power sector, and invited the Japanese businessmen to consider participating in these projects.