November 20, 2008

NOW THEY JUST HAVE TO EXPLAIN IT TO THE UR:

Q & A | 'Free trade pact will boost India, Turkey trade': After a drift in relations for some years, Turky and India are finding common ground in the new century. Quietly, India and Turkey have been building up some key partnerships, particularly in energy and combating terrorism. Visiting India after nine years, Turkish prime minister Recep Tayyip Erdogan tells Indrani Bagchi in an exclusive interview that the Turkey-India relationship is seeing a resurgence, based on mutual interests. (Indrani Bagchi, 21 Nov 2008, Times of India)

Q: Where and how do Indian and Turkish interests coincide in the present-day world?

A: Both Turkey and India are democracies with fast-growing, stable, liberal and globalized economies. Our common values present a solid foundation for our cooperation.

In addition to my Government's intensified efforts during the last couple of months, I believe my visit to India will serve to further deepen and broaden our already friendly relations, particularly in the areas of trade and economic cooperation, as well as to coordinate our efforts in the fight against terrorism.

We happily observe a significant increase in our trade volume and private sector ties during the last five years. Our trade volume has almost tripled between 2003 and 2007, from $795 million to $2.6 billion. We aim to increase this figure to 6 billion USD by 2010.

In terms of our private sectors, we see great prospects for further cooperation in terms of trade and investment. To this end, we encourage the Turkish and the Indian private sectors to develop joint projects and work together more effectively, particularly in the fields of energy, construction, tourism, automotive and information technologies.

Despite the desire and prospects of giving greater content to our economic and trade relations, in order to maintain a sustainable development of our trade relations, we also believe that the current trade deficit that continues to increase in favor of India needs to be balanced out.

As two countries at the consumer end of the energy supply line, we also see a vast potential for Turkish-Indian cooperation in the energy sector. We will continue to pursue possible public and private joint projects in this field.

One final area of potential cooperation is the combating terrorism that both our countries as well as respective regions suffer from. Regardless of its source and pretext, Turkey condemns all acts of terror and considers it as a crime against humanity. Turkey attaches utmost importance to international cooperation and solidarity in the fight against terrorism. In this respect, we believe there is ample room for increased bilateral cooperation with India against terrorism.

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Posted by Orrin Judd at November 20, 2008 3:33 PM
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