Caglayan holds trade talks in Romania

Turkey and Romania aim to boost their bilateral trade volume to $20 billion over the next five years, State Minister for Foreign Trade Zafer Caglayan told the Turkey-Romanian Commercial and Economic Cooperation Seminar in Bucharest yesterday. "Turkish businessmen have been investing in Romania since the 1990s," he said. "Some 11,000 Turkish businessmen have made investments worth more than $5 billion in this country so far. Both countries should make more efforts to improve commercial and economic relations." Also speaking at the meeting, Romanian Minister for Small- and Medium-Sized Enterprises Nita said that they hope to see $10 billion in bilateral trade next year. Caglayan also met separately with Nita, and met with Turkish entrepreneurs doing business in Romania and listened to their problems. Caglayan visited the Romanian-Turkish Businessmen's Association, and the group's head Omer Suslu told Caglayan about investment opportunities and problems faced by Turkish businesspeople in Romania. During the meeting, Caglayan said that they would establish a network between Turkish businessmen in Turkey and those overseas.