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.