ID :
128486
Thu, 06/17/2010 - 20:11
Auther :
Shortlink :
http://m.oananews.org//node/128486
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TURKEY, JORDAN, LEBANON, SYRIA EYE DEEPER TRADE COOPERATION,THEIR GDP EXPECTED TO TOTAL 1.13 TRILLION USD IN 2010
ANKARA (A.A) - 17.06.2010 - Gross domestic product figures at purchasing power parity of Turkey, Jordan, Lebanon and Syria are expected to total 1.13 trillion US dollars in 2010 according to IMF estimates as the four countries have pledge to intensify cooperation in trade and commerce.
The four countries signed last week a declaration on the sidelines of a Turkish-Arab business forum meeting in Istanbul, expressing determination to boost their strategic partnership with an eye to achieve economic integration.
The declaration vows to establish a high level cooperation council and to set up a free trade and free movement zone.
According to IMF data, Turkey is the biggest in economic terms among the four countries with an expected GDP of 932.2 billion USD for 2010, and the estimations put the country to stand as the 16th largest economy in the world.
Syria follows Turkey as the 66th biggest economy with an estimated GDP of 105.2 billion USD, as Lebanon and Jordan would have estimated GDP of 58.5 billion USD and 35.2 billion USD, respectively, in 2010.
According to figures of the TurkStat, Turkey's statistics authority, Turkey runs trade surplus against the other three countries.
The trade volume between Turkey and Syria in 2009 was 1.75 billion USD as Turkish exports to Syria totalled 1.42 billion USD.
The trade volume between Turkey and Lebanon last year was 795.25 million USD with Turkish exports to the country was around 686.54 million USD.
The trade volume between Turkey and Jordan in 2009 was 476.28 million USD as Turkish exports to Jordan totalled 455.92 million USD.
The four countries signed last week a declaration on the sidelines of a Turkish-Arab business forum meeting in Istanbul, expressing determination to boost their strategic partnership with an eye to achieve economic integration.
The declaration vows to establish a high level cooperation council and to set up a free trade and free movement zone.
According to IMF data, Turkey is the biggest in economic terms among the four countries with an expected GDP of 932.2 billion USD for 2010, and the estimations put the country to stand as the 16th largest economy in the world.
Syria follows Turkey as the 66th biggest economy with an estimated GDP of 105.2 billion USD, as Lebanon and Jordan would have estimated GDP of 58.5 billion USD and 35.2 billion USD, respectively, in 2010.
According to figures of the TurkStat, Turkey's statistics authority, Turkey runs trade surplus against the other three countries.
The trade volume between Turkey and Syria in 2009 was 1.75 billion USD as Turkish exports to Syria totalled 1.42 billion USD.
The trade volume between Turkey and Lebanon last year was 795.25 million USD with Turkish exports to the country was around 686.54 million USD.
The trade volume between Turkey and Jordan in 2009 was 476.28 million USD as Turkish exports to Jordan totalled 455.92 million USD.
