Babacan: Turkey’s growth target in 2012 is 4 percent

Turkish Deputy Prime Minister Ali Babacan said that Turkey’s growth rate target for 2012 was four percent.

Turkish Deputy Prime Minister Ali Babacan met Chinese Prime Minister Wen Jiabao in Urumqi, the capital of Xinjiang Uygur Autonomous Region in China, on Sunday.

Babacan is in Urumqi to attend the opening of the 2nd China-Eurasia Expo.

Speaking to AA there on Sunday, Babacan said that 2012’s conjuncture in mid-term program was more negative than 2011’s, however, four percent growth target for 2012 was not changed. Babacan, who expressed pleasure over the hospitality of China, conveyed greetings of Turkish Prime Minister Recep Tayyip Erdogan to Jiabao. Speaking at the opening, Babacan expressed pleasure over Urumqi’s becoming a door for China opening to Central Asia and beyond. I see this fair as the determination and sincere desire of China to develop its regional commercial relations, added Babacan. Babacan said that Turkey and China targeted to increase mutual trade volume to 50 billion USD by 2015, and 100 billion USD by 2020.

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