Turkish President Recep Tayyip Erdogan who is in India, turned into his country’s chief-promoter-of-tourism while addressing corporate leaders present at the India-Turkey Business Summit on Monday morning. In an event that was also attended by the Prime Minister Narendra Modi, Erdogan asked Indians to come to Turkey for their honeymoon as reported by The Hindu. He said that India and Turkey should initiate free-trade agreement talks and look for the possibility of bilateral trade in domestic currencies to tide over the issue of exchange rate fluctuation.
“We should increase our business and economic relationship…if we can also start the comprehensive economic relations negotiation that would be great…It would be also good to start free-trade agreement talks. This would also add further momentum to our relations,” Erdogan was quoted as saying by the news agency PTI. In a bid to improve corporate relations between the two countries, Erdogan urged Indian businessmen to increase investments in Turkey stressing that his country was “ideal place for investment and production”.
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Tüm pilotlarımızın 26 Nisan Dünya Pilotlar Günü’nü tebrik ediyorum. pic.twitter.com/zS81EkCKCl
— Recep Tayyip Erdoğan (@RT_Erdogan) April 26, 2017
He said India and Turkey can also join hands to explore investment opportunities in third countries. Earlier, Prime Minister Narendra Modi said although the bilateral trade between India and Turkey has gone up to USD 6.4 billion in 2016 from 2.8 billion in 2008, it is still far behind the real potential. “India and Turkey enjoy good economic ties… While this (trade growth) is encouraging, the level of present economic and commercial relation is not enough against the real potential,” Modi said.
Mentioning that India and Turkey are among the top 20 economies of the world, PM Modi said bilateral cooperation between two countries can be improved. “The time has come to make aggressive effort to deepen the relationship and enhance bilateral engagement,” he said. Modi also highlighted India’s low-cost manufacturing capabilities before the Turkish businessmen while seeking investment.