TURKISH BUSINESSPEOPLE TO VISIT EGYPT BETWEEN OCTOBER 22-26

ISTANBUL (A.A) - 14.10.2010 - Members of the Turkish-Egyptian Business Council operating under the umbrella of Foreign Economic Relations Board (DEIK) will visit Egypt between October 22 and 26.
A delegation of 70 businesspeople, led by Union of Chambers and Commodity Exchanges of Turkey (TOBB) and DEIK Chairman Rifat Hisarciklioglu, will seek opportunities for cooperation in Alexandria and Cairo in the fields of construction, tourism, textiles, metals, chemicals, automobiles, food processing and education.
In a press conference held on Thursday, the Chairperson of the Turkish-Egyptian Business Council, Zuhal Mansfield, said that the trade volume between Turkey and Egypt reached a value of 3.6 billion USD in 2010.
Since the Free Trade Agreement between Turkey and Egypt went into effect in 2007, commercial relations gained a new momentum, Mansfield said.
In the next two years, our trade volume with Egypt must reach six billion USD. In 2010, the Free Trade Agreement's sections on agriculture would go into effect. There is great potential in agriculture. It is possible to send Turkish agricultural products to Europe via Alexandria. As a Business Council, we want to establish ro-ro transportation between the southern province of Mersin and Alexandria, Mansfield said.
Turkey is the country with most investments in Egypt. Turkish investments in Egypt are worth around 1.6 billion USD. Our contractors can cooperate with their Egyptian counterparts in third countries and Africa. There is a win-win situation here in Egypt, Mansfield also said.