Turkey, France agree to boost economic ties

PARIS: Turkey and France on Monday agreed to further boost their economic ties, including in the fields of energy, agriculture, technology, and defense industry, Turkish Treasury and Finance Minister Berat Albayrak said here.
Speaking at a joint news conference with French Economy and Finance Minister Bruno Le Maire, Albayrak said: “We also think that improving cooperation in the financial sector, banking, and insurance sectors will be beneficial.”
The two countries also reiterated their stance to jointly take action against the US move targeting Turkey, the EU, and others, he said.
“That kind of steps [the U.S. has] taken with political motivations will affect not only the global financial system but also global trade and regional stability; it will create uncertainty and great problems.”
He said the US approach would also lead to chaos, which in turn feeds terrorism and refugee crises.
Albayrak added, “The dollar, unfortunately, has lost its status as a reliable instrument in global trade”.
He said Turkey aims to increase its trade with the EU in euro.
Le Maire said economic stability of Turkey and Turkish companies is beneficial for France, Europe, and everyone.
“France will continue to back all French companies who trade and want to trade with Turkey,” Le Maire said.

 

 

 

 

 

 

 

 

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.