Abdulla Gula visits China to seek 2 billion Euros business opportunity from China (June 22, 2009)

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Local firms expect much from China trip

ISTANBUL - Turkish companies are expected to sign trade and investment deals worth around 2 billion euros with Chinese firms during President Abdullah Gül's historic visit to Beijing.

Gül, the first Turkish president to pay a visit to China in 14 years, is being accompanied by a number of businesspeople, including high-level executives of banks, construction companies and steel producers. Chinese President Hu Jintao received Gül at Beijing's Great Hall of the People on Thursday. Trade volume between the two countries has grown over the years to about $17 billion in 2008, heavily in favor of China, which made $15.6 billion worth of exports to Turkey. But the global slump has seen the volume steadily decrease since November, with bilateral trade shrinking by 37.6 percent in the first quarter of 2009.

China is willing to close the trade gap, an official told daily Hürriyet. "Turkey could close the gap through construction works, especially on infrastructure and with cooperation on technology," the official was quoted as saying.

During Gül's visit, Turkish firms are set to sign deals with Chinese companies in the energy, construction, finance, trade, infrastructure and metal sectors. The largest deal, worth around 540 million euros, is expected to be signed between Turkey's Cenay Group and Chinas CEEC. The two companies plan to carry out a subway project in Turkey, highway construction in Azerbaijan and several investments in the energy sector, daily Hürriyet reported.

Another major deal is expected to be signed by Turkey's Sinotrade and Chinas Complant on energy and construction. The deal includes the building of a refinery worth 450 million euros.

President Gul said both Turkey and China were determined to eradicate terrorism, avoid economic protectionism and supported resolution of international conflicts through diplomacy rather than use of force. He added that the two countries would continue the cooperation in these areas in platforms like the G-20 and the UN Security Council.

Gul said Turkey went trough a political, economic, social transformation in the recent years, adding that Turkey, with its democratic and secular structure, pursued a foreign policy safeguarding security and stability in its region.

Category:

News & Politics

Tags:

• China
• Turkey
• businesss
• economy

[sogdia]

Before the Uyghur Chinese change the name "Xinjiang" into "East Turkistan", These Turks will change its name "Turkistan" into "West Xinjiangstan". LOL!

[paulpkho]

Long Live Turko-China friendship!!!

[Metsada007]

As someone from Turkey, I support good relations with China. We should work together not hate each other.

[dirtykeskin]

@sogdia

What did you eat today becouse you are shitting out of your mouth besides of your ass.

[napalmstrike2007]

how about NATO forces china to change its name to "a place destroyed by tones of nuclear bombs"? LOL

[Yvesyew]

Bitch like turks are so unbelievable shameless, begging the investments from china while trying to provoke them and destroy the relationships, China should stop all their investments project in Turkey, and they will b so  fuckin dead

[sogdia]

LOL! Go find a goat if you want to fuck. LOL!

Turkey is begging China for business to survice this global financial crisis.

Turkey is also buying Chinese rocket launcher technology that the US refused to sell to them.

Turkey will soon change its name to "West Xinjiangstan", do you know that?! LOL!

Turkey is talking about to buy Chinese made tanks.

[azerbaycanka1000]

fuck