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DEİK enhances trade potential with six new councils

ISTANBUL- Hürriyet Daily News | 7/25/2011 12:00:00 AM |

The Foreign Economic Relations Board, or DEİK, is now focusing on increasing trade relations in Asia and Africa to make Turkey more competitive in international markets, the top executive of the board said Monday.

The Foreign Economic Relations Board, or DEİK, is now focusing on increasing trade relations in Asia and Africa to make Turkey more competitive in international markets, the top executive of the board said Monday.

“Our primary target is to focus on Africa and [the] Asia Pacific [region],” Rona Yırcalı, the board chairman of DEİK, said in a written statement released by the board.

The Asia Pacific region is one of the most rapidly growing economies, and Turkey’s trade, investments, and finance relations in the area are still “unsatisfactory,” Yırcalı said.

To promote stronger business bonds with Africa and the Asia Pacific region, DEİK is establishing six more business councils with Australia, Cambodia, Gambia, Nepal, New Zealand and Rwanda, which will bring the total number of councils up to 103.

“Eastern Africa has been significantly important for us to enhance business relations,” said Yırcalı, noting that “there is a long way to go” to achieve stronger bonds with Central and Western Africa.

“Many of Turkey’s leading institutions have joined their forces with DEİK,” said the board chairman said.

Under a recent agreement, four Turkish nongovernmental organizations – the Association of Turkish Building Material Producers, or İMSAD, the Turkish Informatics Industry Association, or TÜBİSAD, the Turkish Enterprise and Business Confederation, or TÜRKONFED, and Turkish Construction Employers’ Union, or İNTES – have joined DEİK as founding institutions.

“Together with these institutions, Turkey’s competitiveness in international markets will be boosted,” said Yırcalı. Currently, 33 founding member institutions sit on DEİK’s board; according to Yırcalı, that number will reach 44 by the end of the year.

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