Turkish, German firms meet in Frankfurt soon

ISTANBUL - Hürriyet

REUTERS photo

The first German-Turkish Economy Forum that will bring businesspeople and politicians from the two countries together will be held on Oct. 25 in Frankfurt.

As Turkey and Germany aim to raise bilateral trade to $35 billion by the end of this year, the two countries’ relations and future opportunities for the companies will be discussed in the forum.
The forum, which will welcome the companies’ executives and politicians, is being organized by German Maleki Group, a financial communication firm.

The forum will last one day and a German-Turkish Friendship Gala will be held at the closure.
The trade volume between the two countries rose from $10.7 billion in 2001 to $34.5 billion last year, according to official data. Moreover, the trade volume reached $24.6 billion in the first eight months with a 9.2 percent rise from the same period a year earlier. The figures are likely to reach around $38 billion if the bilateral trade continues to show the same performance.

There are 5,000 Germany-based firms in Turkey, the figures from the Turkish Ministry of Economy show. They made investments worth $532 million in Turkey last year.