ID :
178349
Wed, 04/27/2011 - 15:22
Auther :

TURKISH-ARAB ECONOMY FORUM

ISTANBUL (A.A) - 27.04.2011 - Turkish finance minister said on Wednesday that although the developments in North Africa and Middle East created some uncertainty for the business world, the region, the world and Turkey would benefit from those developments in long term.
Finance Minister Mehmet Simsek delivered a speech at the 6th Turkish-Arab Economy Forum in Istanbul and replied to questions.
Turkey always did its best in regard to prosperity, stability and peace in Middle East and Africa and it would keep doing so, he said.
Simsek said that Turkey attached a great importance to future of those countries.
"Several Arab countries export crude oil and gas as well as capital," he said. Simsek said that more cooperation was needed in the region and countries should do their best to improve investment climate.
"Turkey has customs partnership with EU. It also has good relations with Russia and Turkic Republics. Countries investing in Turkey will have several important opportunities," he said.
Simsek said that trade volume between Turkey and Arab world which had been 6.9 billion U.S. dollars in 2002 reached to 33.5 billion U.S. dollars in the recent period.
Iraqi Finance Minister Rafi Hiyad al-Issawi said that Iraqi government attached a great importance to investments by private sector and especially to sectors of energy and electricity.
Al-Issawi said that there were important opportunities in the areas of construction, infrastructure, transportation, ports and agricultural fields in Iraq.

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