PROCUREMENT NEWS

CHINA,TURKEY : Turkish, Chinese firms to ink $1.7 billion deals

Published 23 Feb 2012

Turkish and Chinese companies will sign on Wednesday contracts totalling almost US$1.38 billion (S$1.7 billion) as the two countries boost their economic ties, Turkey\'s Economy Minister Zafer Caglayan said.

\'Today, Chinese and Turkish firms will ink deals worth nearly US$1.38 billion,\' Mr Caglayan said during an address to a business forum also attended by China\'s leader-in-waiting Xi Jinping.

The agreements include areas of exports, finance and energy investments.

In a further sign of burgeoning ties between Turkey and China, Prime Minister Recep Tayyip Erdogan is expected to visit China in the second week of April, Mr Caglayan added.

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