Minister: Turkey opens its doors to foreign investment
Turkey welcomes foreign investors with open arms and has an economic policy that will help to sustain this, according to new claims from the country's minister of state and chief negotiator with the EU.
Speaking at an Istanbul news conference for Turkish investment, Ali Babacan highlighted the Turkey's strong economic performance, aided by financial reforms brought about by the EU accession reform process.
Additionally, he said that while foreign investment into the country reached $20 billion (£10.1 billion) during 2006, the first 4 months of 2007 have already seen an investment of $10 billion.
"Turkey has become a remarkable country which attracts foreign investments. We assumed active and sound attitude in regard to interior and foreign policies during the country's EU accession process," remarked Mr Babacan.
Turkey's EU application has been a long-running process and while most states in the EU favour its accession, some countries - notably France - have expressed some reservations.
Currently, Turkey is hosting the Nato secretary-general for a discussion about EU relations and terrorism.
< Back to latest news