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Turkey’s Economic Plan in London

Posted by Lilas Mahmandar on 22 January 2016

The Turkish Prime Minister Ahmet Davutoglu said that Turkey’s agenda for economic reform provides the greatest hope for investors who are looking for opportunities amid the problematic experienced by the global economy.

The Prime Minister took his opportunity in a speech in the Office of Bloomberg Foundation in London, to declare the economic program of the Turkish government to the business leaders through the economic and media network Bloomberg, and said that Turkey has made great strides in creating jobs and reducing the deficit of the current account and at the same time maintain a financial position strong.

He pointed out that the debt of the public sector has fallen to one-third of GDP in 2015, from 74 percent in 2002, placing Turkey comfortably within the economic development criteria of the European Union.

Davutoglu said: in our region, “We have a number of failing states where there is no economy works well, but in spite of these negative trends that affect Turkey, we have at the same time, some positive developments, making Turkey a safe haven for investment, and at the same time safe passage of economic institutions in which we operate.”

Turkish Prime Minister stressed that “with the reformism agenda, and despite the problems of the global economy, such as swings, slow growth and geopolitical risk , Turkey will be a promising economy for those who want stability in the long term, and the rule of law and basic standards for the economic investment environment”.

Turkey is still not officially able to open a number of negotiating files on membership in the European Union, because of the veto of Greek Cyprus government in 2006. In this regard, Davutoglu said that the solution of the Cyprus issue will be achieved by the end of 2016, and will help in launching a new era in the relationship of Turkey and the European Union with opening more files.

Davutoglu pointed out that the report of progress in the organic file issued by the European Commission showed Turkey that making progress in 27 chapters. He said that Turkey is now ready to open all chapters officially, adding that it advanced in some chapters that can be opened and closed immediately.

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