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CROATIAN AND TURKISH PRESIDENTS BACK WORK OF BUSINESS COUNCIL

ANKARA, Feb 11 (Hina) - Croatian and Turkish Presidents on Thursday supported the work the Croatian-Turkish business council as the way for fostering the economic cooperation between the two countries. We expect from the business council to have more efficient and active role in the assessment of the potential and in the determination of business spheres which offer attractive opportunities in our countries, said Turkish President Suleyman Demirel at the ceremonial dinner of the council. The council gathered Turkish businessmen and over 30 representatives of Croatian companies at Thursday's session. The current commodity trade is far from the potential of both countries, Demirel said adding that the short-term goal should be trade valued 100 million US dollars and about US$ 500 million in the medium-term plan. He pointed to the significance of the development of the regional trading and eco
ANKARA, Feb 11 (Hina) - Croatian and Turkish Presidents on Thursday supported the work the Croatian-Turkish business council as the way for fostering the economic cooperation between the two countries. We expect from the business council to have more efficient and active role in the assessment of the potential and in the determination of business spheres which offer attractive opportunities in our countries, said Turkish President Suleyman Demirel at the ceremonial dinner of the council. The council gathered Turkish businessmen and over 30 representatives of Croatian companies at Thursday's session. The current commodity trade is far from the potential of both countries, Demirel said adding that the short-term goal should be trade valued 100 million US dollars and about US$ 500 million in the medium-term plan. He pointed to the significance of the development of the regional trading and economic cooperation as the opportunity for better competitiveness in the globalised world economy. Croatian President Franjo Tudjman said the bilateral relations should not be restricted to the commodity trade. It is necessary to create conditions for long-term and permanent ties between the two economies in technical and technological industrial cooperation, joint production and joint investment, he explained. In the future these relations should open broader opportunities, and a treaty on free trade may contribute to this effort. We can see interests of the two economies in such agreement as well as the confirmation of Croatia's orientation toward promoting economic ties with countries in the Mediterranean and Central Europe, our natural geographic region, the Croatian President said. He added that Thursday's talks on the development of traffic connection between the two countries should be materialised by establishing the regular shipping between Croatian and Turkish ports and the road and railway connection of the two countries as well as by transit systems toward west Europe and the Middle East. (hina) jn ms

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