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Turkey Aims To Turn Black Sea Region Into Free Trade Zone

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  • Turkey Aims To Turn Black Sea Region Into Free Trade Zone

    TURKEY AIMS TO TURN BLACK SEA REGION INTO FREE TRADE ZONE

    ArmInfo
    2007-06-28 16:06:00

    Turkish State Minister Kursad Tuzmen said on Wednesday that Turkey was
    determined to turn the Black Sea region into a free trade zone in the
    next five years. In an interview with the semi-official Anatolia news
    agency, Tuzmen said that within this framework, Turkey was about to
    sign a free trade agreement with Georgia and had launched initiatives
    to sign another one with Russia.

    All member states of the Black Sea Economic Cooperation (BSEC) support
    the idea of making the Black Sea region a free trade zone, and this
    would make a positive contribution to economies of these countries,
    he said.

    "Turkish and Ukrainian technical delegations will launch initial
    negotiations on Friday regarding an agreement. And we have also
    agreed with Azerbaijan and Moldova to open talks on a preferential
    trade agreement," Tuzmen said.

    Turkey's current trade volume with the BSEC countries stood at 38
    billion U.S. dollars, said Tuzmen, adding that it could climb to 60
    billion U.S. dollars in three years.

    In addition, Turkish contractors have won projects worth at 28
    billion U.S. dollars among BSEC countries so far, and Turkish
    investments in these countries have exceeded seven billion dollars,
    Tuzmen added. "We also want to turn the Caspian Sea into a free trade
    zone. We will realize our 'three seas' project when we fulfill all
    these initiatives. The Mediterranean Sea has already become a free
    trade zone," said the minister. The BSEC is comprised of Bulgaria,
    Georgia, Romania, Russia, Turkey, Ukraine, Albania, Armenia,
    Azerbaijan, Greece, Moldova and Serbia.

    As RA FM's spokesman Vladimir Karapetyan told ArmInfo, "this initiative
    was not discussed at BSEC summit in Istanbul". Having doubted existence
    of the initiative in the version, by which it is represented by
    Turkey's State Minister, he added that the matter possibly concerns
    signing of bilateral agreement on cooperation among the countries of
    BSEC region.

    To note, no progress was achieved in normalization of the
    Armenian-Turkish relations during negotiations between the Armenian
    and Turkish Foreign Ministers within the frames of BSEC which have
    been recently completed in Istanbul. In particular, in response to
    RA FM Vardan Oskanyan's appeal to open Armenia-Turkey border, A. Gul
    again spoke of the Karabakh conflict settlement necessity.
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