China and Turkey could invest billions together

Wen Jiabao, Recep Tayyip Erdogan

Wen Jiabao, Recep Tayyip Erdogan

Turkish Prime Minister, Recep Tayyip Erdogan has called on Chinese investors to invest in Turkey as the two leading growing economies in the world increase business ties between one another.

Speaking during a visit to China, the first Turkish Prime Minister to visit China in 27 years, Erdogan said: “Chinese investors should take advantage of the recently unveiled incentives regime. We invite the Chinese investors to invest in Turkey, the emerging nation on the western edge of Asia.”

Erdogan was in China to attend the Turkish-Chinese Economic and Trade Cooperation Forum which highlighted the great potential for business and investment between Turkey and China.

Turkey and China currently have a trade volume that reaches 25 billion USD every year; in 2010 both Turkey and China agreed that the trade volume between the two power nations should reach 100 billion USD by 2020.

Turkey has high expectations for the future – the economy in Turkey is growing, tourism in Turkey is on a high, property in Turkey by Place Overseas is selling faster than ever, business in Turkey is good. More investment between Turkey and China will make two of the world’s heavyweight nations hold even more weight over a faltering European Union. Turkey and China is ripe for business investment potential.

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