Posted on 14 February 2011
Spain goes turkish
At a series of meetings held in Istanbul, the Spanish Commercial attaché Francisco J. Alfonso said that Spain seeks to intensify its presence in Turkey. He went on to say, Excluding intra-European community trade, Turkey is our largest trade partner after the United States, but in Spain they still do not know the Turkish entrepreneur, he said, adding that more joint ventures are needed. An annual flow of six billion euros exists between the two countries, although Turkey with 3.55 billion euros worth of exports has the lion’s share against Spain’s 2.75 billion euros worth of exports. Last November Spain’s Prime Minister Zapatero and Turkish Prime Minister Erdogan sealed the celebrated Alliance of Civilizations in Istanbul, and Spain nominated Turkey as a priority country.
Spain has also dedicated 10 million euros to feasibility studies on Turkey, and 30 million euros for smaller and medium enterprises (SME). (Turkish Daily News)