Turkish minister says Turkey, China should balance their trade volume

ISTANBUL (A.A) - February 22, 2012 - Turkey's economy minister said on Wednesday that Turkey and China should balance their trade volume. Zafer Caglayan said Turkey had only one-tenth share in its trade volume with China, and China had nine-tenth share. "We want this trade volume to be equal, balanced and sustainable," Caglayan said during Turkey-China Economic and Commercial Cooperation Forum in Istanbul. Caglayan defined China and Turkey as two countries on the two edges of Asia, and said the two countries were planning to raise their trade volume to 50 billion USD by 2015 and 100 billion USD by 2020. The minister said he would like to see Chinese companies in Kanalistanbul project and construction of a third bridge on the Istanbul Strait. Caglayan also said Turkey and China would sign 28 agreement later on Wednesday worth 1.3 billion USD, including 308.5 million USD of energy investments