Turkish State Minister for foreign trade Zafer Caglayan has invited Canadian businessmen to invest in Turkey.
Tuesday, 07 December 2010 16:44
Turkish State Minister for foreign trade Zafer Caglayan has invited Canadian businessmen to invest in Turkey.
Addressing the Turkish-Canada Business Forum in Istanbul on Tuesday, Caglayan said Turkey provided the most comprehensive incentive system for research and development.
“Turkey will invest $110 billion in energy sector over the next ten years. Canadian nuclear energy firms are welcome to engage in talks for the construction of Turkey’s second nuclear energy plant,” said Caglayan.
Caglayan said Turkey exported over 20,000 different items to 221 of the 224 customs zones.
“The region we reside in is very significant. If Canadian companies want to take their place in this region, it goes through Turkey,” said Caglayan. He said Turkey was a major supply center at the heart of Caucausus, the Middle East, Africa, Eastern Europe, at a four-hour flight away from 56 countries, urging Candian Trade Minister Peter van Loan and Canadian businessmen to realise Turkey’s significance.
Caglayan listed energy, environment, innovative technologies and green energy as possible areas of cooperation between the two countries.
“The implementation of free market rules, unrestricted transfer of profit and capital, unrestricted foreign exchange transactions… with its logistics, human resources, 73 million population with an average of 28 years of age, easy access to neighbouring countries, free trade agreements with 17 countries. When you add these up, Turkey offers great advantages,” said Caglayan.
He said Turkey had free trade agreements with majority of the European countries, adding that companies making investments to Turkey would seize all the advantages of Turkey.
AA
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