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| Turkish and British parties signed an agreement on boosting trade in British capital of London on Thursday. Turkey's State Minister for foreign trade Zafer Caglayan and British Minister for Trade, Investment and Small Business Lord Davies attended the meeting of Britain-Turkey Joint Economic and Trade Committee (JETCO) in London. After the meeting, Caglayan and Davies signed the agreement on boosting commercial relations between the two countries. Caglayan said the areas of energy, defense, investment, tourism, finance and technology were discussed in the meeting. Turkey and Britain had the potential to boost trade volume to 20-30 billion U.S. dollars, he said. Caglayan said the businesspeople of the two countries could make joint investments in the third countries. "I hope that Turkish businessmen will be provided with easiness in visa procedure," he said. "Investments amounting to 120 billion U.S. dollars will be made in the sector of energy in Turkey within next 10 years. International energy companies are interested in these investments," Caglayan said. In his part, Lord Davies said that Turkey and Britain had sound economic relations despite of global economic crisis. British companies like BP and others made investments in Turkey and there should be more cooperation between the two countries, he said. Lord Davies said they wanted to see Turkey as a member of the EU. Caglayan is expected to return to Turkey today. |