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Turkish companies willing to participate in infrastructure works in Colombia: minister

(Xinhua)

11:08, January 11, 2012

ANKARA, Jan. 10 (Xinhua) -- Turkey's Economy Minister Zafer Caglayan said Tuesday that Turkish companies were willing to participate in infrastructure works in Colombia in 2012 and 2013 with a budget of 10 billion U.S. dollars, the semi-official Anatolia news agency reported.

After meeting with visiting Colombia's Vice President Angelino Garzon in Turkey's capital Ankara, Caglayan was quoted as saying that there is high potential between Turkey and Colombia in political, economic and commercial fields.

Turkey is attaching great importance to South American countries, Caglayan said, adding that there are seven Turkish trade counsellors serving in five Latin American countries and Turkey will soon increase this figure to 11.

Caglayan said that the trade volume between Turkey and Colombia rises every year, and would reach 800 million U.S. dollars by the end of 2012.

For his part, Garzon said that he would be pleased to see Turkish companies doing business in Colombia, adding that his country has allocated a budget of 15 billion dollars, including funds from local administrations, for infrastructure projects in Colombia.

Colombia expects to reach a result in Colombia's meetings with Turkey between Feb. 15 and 17 for a Free Trade Agreement, Garzon added.

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