September 08, 2008

Turkey to shift export focus to India and Brazil

Today's Zaman reported that, with the hope of increasing exports, Turkey is seeking to strengthen its trade relations with Brazil and India, and a new expansion plan tailored for India is on the way.

Mr Tuncer Kayalar Turkey’s foreign trade undersecretary said that the foreign trade secretariat is closely watching the needs of exports and global developments. He added that Turkey will particularly focus on countries such as Brazil and India, which stand out as significant economies.

Mr Kayalar emphasized that although there has not been a joint economic commission meeting between Turkey and Brazil for a long time, one will take place in May 2008. He added that the secretariat is continuing with efforts to arrange a trade committee in Brazil.

He said that Turkey would also establish close ties with neighboring countries such as Iran, Syria, Georgia, Ukraine and Russia.