Turkey aims to reach trade volume of $1 trillion by 2023

Addressing the audience in the B-20 business summit on "Trade and Investment," which was held yesterday in parallel to the G20 Summit in Los Cabos, Mexico, Prime Minister Recep Tayyip Erdogan said that Turkey was progressing on a new path, while many countries have been fighting the ongoing economic and financial problems since 2008. "Our country has attracted attention as an island of stability thanks to its growth rate of 8.5 percent, its national income totaling $772 billion and foreign trade volume of $376 billion recorded in 2011," Erdogan said. Stating that there is not any country in the world which did not purchase Turkish goods and to which Turkey did not export, Erdogan said that Turkey aimed to raise its exports to $500 million, imports to $500 million, and overall foreign trade volume to $1 trillion by 2023. Erdogan added that Turkey was supporting the trade and investment working group of Business-20 to multilaterally liberalize world trade, lift obstacles before trade and investments, and highlight importance of international investments for growth, development and employment. "Turkey has been simplifying legal procedures regarding investments, and lifting administrative and bureaucratic hurdles to increase investments," Erdogan noted.