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  • Ankara - Turkey's Tuzmen: Crisis Effect On Stock Market Minimum

    TURKEY'S TUZMEN: CRISIS EFFECT ON STOCK MARKET MINIMUM

    www.worldbulletin.net
    Thursday, 09 October 2008 10:06
    Turkey

    Turkish State Minister stressed that Turkish exports to the
    U.S. dropped recently as the Turkish lira gained value and competition
    from the far east increased.

    Turkish State Minister Kursad Tuzmen said Wednesday that Turkey would
    go through the global economic crisis with minimum damage based on
    its stock exchange and size of businesses that were not too big.

    Speaking at an NGO in Atlanta, Tuzmen stressed that Turkey must pursue
    trade focusing on "high price, high quality and high technology".

    "Last year, foreign capital worth 22.2 billion USD entered Turkey,"
    Tuzmen said.

    Touching on Turkish-U.S. commercial relations, Tuzmen stressed that
    Turkish exports to the U.S. dropped recently as the Turkish lira
    gained value and competition from the far east increased.

    "Nevertheless, Turkey and the U.S. pursue similar ideals
    globally. These are peace, democracy, freedom, welfare and the fight
    against terror," Tuzmen said.

    Tuzmen inaugurated the "Year of Turkey" at the Kennesaw State
    University in Atlanta.

    Speaking at the ceremony, President of Kennesaw State University
    Daniel Papp said that they wanted their students to get to know Turkey,
    a country with which the U.S. had close relations.

    The "Year of Turkey" will be celebrated at Kennesaw State University
    with various activities and it will end in May 2009.

    Tuzmen later visited the headquarters of Coca Cola company in Atlanta.

    In reference to Muhtar Kent, the CEO of Coca Cola, Tuzmen said that
    "it is highly pleasing to see a Turk in a high position as Kent."

    Kursad Tuzmen attended a dinner hosted in his honor by the
    U.S. Southeast Turkish-American Chamber of Commerce (TACC).

    Answering a question at the dinner, Tuzmen stressed that unless the
    issue of Upper Karabagh is resolved, Turkey will not develop commercial
    relations with Armenia.
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