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Last updated: 18 Dec, 2018  

India.Turkey.9.Thmb.jpg 'India to address bilateral trade concerns of Turkey'

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SME Times News Bureau | 18 Dec, 2018

Union Minister of Commerce & Industry Suresh Prabhu on Tuesday said India will address all bilateral trade related concerns with Turkey.

In a meeting with his counterpart from Turkey Rushar Pekcan, in New Delhi, Prabhu said India will address all the concerns of Turkey, from agri products, banking issues, trade deficit and greater investments.

During the bilateral meeting, Prabhu said that he will lead a high level business delegation to Turkey in February next year and will work with his Turkish counterparts to make sure that all the issues being raised in the bilateral meeting by the Turkish side are addressed.

The Commerce Minister said that India is excited to have a Comprehensive Trade Agreement with Turkey as early as possible.

The Draft Joint Study Group(JSG) report, discussed by both countries in August 2018, needs to be finalized soon so that negotiations may begin.

India has submitted its chapter to JSG and Suresh Prabhu requested Turkey to make their submission as early as possible.

The Commerce Minister also informed the Turkish Minister that the proposal received from Turkey to deal in local currency is under consideration of the Finance Ministry of India.

Prabhu informed the Turkish side that the Indian aviation sector is growing at 20%, which is the fastest growth seen in the aviation sector in the world.

Hundred new airports will be constructed in the next ten years with an investment of 65-billion-dollar, he said, requesting the world class Turkish construction companies to participate in the business of the growing aviation sector in India.

Later Commerce Minister also addressed India – Turkey business forum in New Delhi where he said that India is committed to make bilateral trade balanced and sustainable for both countries. 

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