By Max Clarke
The UK’s business secretary, Vince Cable, is embarking on a three-day visit to Turkey as the two countries commit to double bilateral trade within the next four years.
UK businesses are being encouraged to join the trade tour in order to showcase their services and win over new customers in the fast growing trade hub.
“I am delighted to be visiting Turkey and bringing British companies with me. Turkey has an enviable record of economic growth over the last decade; reaching almost 9 per cent last year,” said Cable.
“Turkey is an important business hub in the region — with its reach into the EU, the Middle East and Central Asia. Istanbul is already establishing itself as a regional centre for financial services.
During the three-day visit, he will meet senior Turkish Ministers and government officials. He will sign the UK-Turkey Knowledge Partnership with Turkish Economy Minister Zafer Çağlayan, and attend the formal launch of this collaboration at Sabanci University in Istanbul. He will also make a keynote speech at the Istanbul Financial Centre Summit.
With the accompanying business delegation, Dr Cable will attend a working lunch and meet representatives from Turkish business organisations including the Business Network and TUSKON.
Members of the UK business delegation include household British names such as Fosters+Partners, Rolls Royce, GSK and Legal & General, as well as innovative smaller businesses such as Redmint Communications and Poke.
This visit builds on that of Minister for Trade and Investment Lord Green in April this year, and follows the Prime Minister David Cameron’s establishment of a new UK-Turkey Strategic Partnership with Prime Minister Erdoğan in July 2010.
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