Turkey and Israel sign an economic cooperation agreement
Güncelleme Tarihi:
Trade relations between Turkey and Israel have gone from strength to strength according to Uriel Lynn, President of the Federation of Israeli Chambers of Commerce (FICC). "Between 2002 and 2005 trade relations between Israel and Turkey increased by 79 percent to $2.1 billion in 2005," Uriel told the Israeli press on Wednesday.
Building on bilateral trade ties, The Turkish Chambers of the Aegean Region signed an economic cooperation agreement with the FICC. The signing of the agreement will, it is hoped, forge a stronger cooperation between the two regions.
The agreement was signed during the visit of Nedim Kalpaklioglu, deputy chairman of Aegean Region Chamber of Industry (EBSO) Executive Board to Israel, who headed the delegation of 20 Turkish companies at the "Agritech 2006" conference, which opened its gates in Tel Aviv on Tuesday.
Exports to Turkey grew by 13% to $919 million, while imports saw a rise of 22% to $1.2b. Lynn added that there are currently about 152 Israeli companies investing tens of millions of dollars in Turkey.
Turkey has been an integral part of a thriving Mediterranean economy, a crucial land bridge between Europe and Asia, a trade crossroads, and an essential warm water maritime link for Ukraine and Russia.
Turkey and Israel have built a strong cooperation on water and energy in recent year.