Turkey's Top Union Of Chambers Proposes Formation Of Turkey- Africa Commerce Chamber

ISTANBUL - Turkey's top union of chambers and commodity exchanges, TOBB, proposed Monday formation of a "Turkey-Africa Commerce Chamber" for permanent partnership between African and Turkish private sectors.

Taking the floor at the Turkish-African Business Forum in Istanbul, TOBB Chairman Rifat Hisarciklioglu said following implementation of Turkey's strategy for enhancing economic relations with Africa (since 2003), the trade volume between African countries and Turkey reached 13 billion USD.

He called on Turkish and African businessmen to strengthen commercial ties for a permanent upward trend in economic relations.

Hisarciklioglu regarded Turkey as a country importing stability to neighbouring countries and added that it had the capacity to transform surrounding countries while completing its own economic transformation.

"On top of the already established business councils with North African Countries, we have formed business councils with Ethiopia and Sudan in the past year. We are planning to form business councils with all African countries in the medium term," he said.

Hisarciklioglu said in the face of globally soaring food prices, Turkey's advanced agricultural techniques could be employed in the rich and vast African soil to fight the famine in African countries. He added that Turkish and African companies could cooperate in the operation and marketing of African mines.

He said only in 2007 Turkish construction companies completed projects worth a total of 6 billion USD noting that Turkish private sector could contribute to the growth of African economies through direct investments.



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