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Wednesday, April 23, 2008

TURKEY SEEKS TO INCREASE TRADE WITH LATIN AMERICA - Eurasia Daily Monitor

"TURKEY SEEKS TO INCREASE TRADE WITH LATIN AMERICA

By John C. K. Daly

Wednesday, April 23, 2008

Until a decade ago, Turkey’s interest in the Western hemisphere was focused almost exclusively on its relationship with the United States. Over the past 10 years, however, Ankara has grown increasingly interested in Central and Latin America, even though its trade with the region is currently less than 1 percent of its total foreign trade volume (Today’s Zaman, April 22). Turkey's exports to Mexico stand at $135 million, Panama $40 million, Argentina $35 million and Venezuela $32 million. Turkish imports from Mexico are worth $185 million, Panama $40 million, Argentina $221 million and Venezuela $62 million. Turkish trade with Latin America rose from $600 million in 1995 to $2.2 billion a decade later"

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