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Turkey surprised by the freezing of the Gulf trade negotiations with
Turkey has shown Andhashha to freeze negotiations with the Gulf countries on free trade, as explained, "Zafar Jaglayan" Minister of the Turkish economy, the Gulf States froze the free trade negotiations with Turkey at the current time without giving reasons for that.
He described the "Jaglayan" negotiations by Turkey with the countries of the Gulf Cooperation Council bloody wound, stressing that Turkey was ready to sign yesterday, which is currently awaiting the position of the Gulf states.
The minister stressed that the GCC countries lose this action, pointing out that the oil may lead to richer and my time, but it will not be sustainable, and that the Gulf states, led by Saudi Arabia in need of a huge industrial investments can only be achieved through the signing of free trade agreements.
Jaglayan said in a statement Saturday evening following the opening of the Turkish Commercial Attache in Jeddah that there are 57 Islamic member countries of the Organization of Islamic Cooperation, representing one third of the world in our region while covering a third of the world.
"The only 7% is the share of the state of world trade, equivalent to 1.2 trillion dollars," adding that Turkey has achieved only 10% of this figure, GDP for these countries is very low compared to countries of the world, equal to 4.5 trillion dollars, and when we look all these figures, we find that only 17% are interfacial trade between Islamic countries, this figure in the European Union up to 75%.Exports of the Kingdom to the world market peak in 2008 to more than $ 300 billion on the back of the large increase in oil prices, as well as Turkish exports peaked in the same year also increased to $ 132 billion due to higher exports of agricultural and consumer electronics, and textiles, note that the year 2008 was in the middle of the global economic crisis.
The minister stressed that the Turkish industrial sector is the heart of Turkey's trade relations Arabia - Turkey where 88% of Turkey's exports to the Kingdom is the industrial products, while the Turkish market depends on the Saudi government to meet the needs of oil and petrochemicals.
He also announced the opportunities for economic cooperation and trade and investment between the Kingdom and Turkey in the next phase, especially in the field of construction, agriculture, food, tourism and services, the center of the aspirations of the two countries to lift bilateral trade to 20 billion dollars in the next phase
Turkey has shown Andhashha to freeze negotiations with the Gulf countries on free trade, as explained, "Zafar Jaglayan" Minister of the Turkish economy, the Gulf States froze the free trade negotiations with Turkey at the current time without giving reasons for that.
He described the "Jaglayan" negotiations by Turkey with the countries of the Gulf Cooperation Council bloody wound, stressing that Turkey was ready to sign yesterday, which is currently awaiting the position of the Gulf states.
The minister stressed that the GCC countries lose this action, pointing out that the oil may lead to richer and my time, but it will not be sustainable, and that the Gulf states, led by Saudi Arabia in need of a huge industrial investments can only be achieved through the signing of free trade agreements.
Jaglayan said in a statement Saturday evening following the opening of the Turkish Commercial Attache in Jeddah that there are 57 Islamic member countries of the Organization of Islamic Cooperation, representing one third of the world in our region while covering a third of the world.
"The only 7% is the share of the state of world trade, equivalent to 1.2 trillion dollars," adding that Turkey has achieved only 10% of this figure, GDP for these countries is very low compared to countries of the world, equal to 4.5 trillion dollars, and when we look all these figures, we find that only 17% are interfacial trade between Islamic countries, this figure in the European Union up to 75%.Exports of the Kingdom to the world market peak in 2008 to more than $ 300 billion on the back of the large increase in oil prices, as well as Turkish exports peaked in the same year also increased to $ 132 billion due to higher exports of agricultural and consumer electronics, and textiles, note that the year 2008 was in the middle of the global economic crisis.
The minister stressed that the Turkish industrial sector is the heart of Turkey's trade relations Arabia - Turkey where 88% of Turkey's exports to the Kingdom is the industrial products, while the Turkish market depends on the Saudi government to meet the needs of oil and petrochemicals.
He also announced the opportunities for economic cooperation and trade and investment between the Kingdom and Turkey in the next phase, especially in the field of construction, agriculture, food, tourism and services, the center of the aspirations of the two countries to lift bilateral trade to 20 billion dollars in the next phase
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