ID :
128271
Wed, 06/16/2010 - 19:48
Auther :
Shortlink :
http://m.oananews.org//node/128271
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TURKISH INDUSTRY MINISTER MEETS WITH HIS SAUDI COUNTERPART
KOCAELI (A.A) - 16.06.2010 - Turkish Industry & Trade Minister Nihat Ergun met with Saudi Arabian Minister for Commerce & Industry Abdallah bin Zeynal Ali Reza in northwestern province of Kocaeli on Wednesday.
Ergun and Reza confirmed that there are good commercial relations between the two countries.
Ergun said that Turkey's trade volume with Saudi Arabia amounted to 5 billion U.S. dollars in the past years, but the figure dropped to 4 billion U.S. dollars in 2009 due to global economic crisis.
Machinery, mining, construction and tourism are among sectors in which the two countries can cooperate, he said.
Ergun said, "Mr. Reza told us that Turkish companies could make investments in bus and truck manufacturing in Saudi Arabia, because Turkey is one of the leading countries in the automotive sector."
"We also discussed the potential in agriculture, livestock and tourism areas between Turkey and Saudi Arabia in the meeting," he added.
Ergun and Reza confirmed that there are good commercial relations between the two countries.
Ergun said that Turkey's trade volume with Saudi Arabia amounted to 5 billion U.S. dollars in the past years, but the figure dropped to 4 billion U.S. dollars in 2009 due to global economic crisis.
Machinery, mining, construction and tourism are among sectors in which the two countries can cooperate, he said.
Ergun said, "Mr. Reza told us that Turkish companies could make investments in bus and truck manufacturing in Saudi Arabia, because Turkey is one of the leading countries in the automotive sector."
"We also discussed the potential in agriculture, livestock and tourism areas between Turkey and Saudi Arabia in the meeting," he added.
