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Caspian Energy Journal Caspian European Club
Friday, 30 January 2015 14:30

Turkey seeks more projects with D-8 countries

Turkey’s Industry Minister Fikri Isik called on the Developing-8 industry ministers to participate in creating a joint venture car brand by member states, Caspian Energy News (www.caspianenergy.net) reports with reference to the press service of AK Parti.

Speaking at the summit of Developing-8 industry ministers in the Iranian capital, Tehran, Isik said that volume of bilateral trade between member states had doubled between 2000 and 2011, but that the aim is to increase bilateral trade to 20 percent of overall trade by 2018. Total trade among member states was $130 billion in 2011.

“We need to reflect this cooperation between member states with solid projects and move it to further levels. We have started a domestic car project, and I invite member states to take more initiatives and to develop our cooperation”, Isik said.

Turkey has considered a project to create a national car brand since 2010. The aim is to boost exports, as well as to reduce the economy's major headache, its current account deficit.

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