Economy minister to promote incentive scheme in Germany

ANKARA - Anatolia News Agency

Economy Minister Çağlayan is scheduled to fly to Baden-Wurttemberg today to meet with government officials and firms for joint investments. Hürriyet photo

Turkish Economy Minister is Zafer Çağlayan is scheduled to visit Germany today to introduce Turkey’s new economic incentive system to German investors in the Baden-Wurttemberg reigion of the country.

A statement by the economy ministry yesterday said that Zafer Çağlayan would travel to Germany today to hold talks with Winfried Kretschmann, Prime Minister of the state of Baden-Wurttemberg, and Nils Schmid, Deputy Prime Minister and Minister of Finance and Economics of Baden-Wurttemberg.


Çağlayan will meet with leading firms

Çağlayan is also scheduled to meet with representatives of leading companies in Stuttgart, the capital of Baden-Wurttemberg.

His visit is part of the Turkish government’s target to boost commercial and economic relations between Turkey and Baden-Wurttemberg as well as increasing bilateral trade and mutual investments.

Last year Turkish exports to Germany rose by 21.62 percent to $13.9 billion dollars and the country’s imports from Germany also increased by 30.97 percent to $22.9 billion dollars when compared to the previous year.