Turkey is ready to set up an industrial zone in Cameroon

Turkey-Cameroon Trade and Investment Forum held in Ankara, President Biya said Turkey had the capacity to meet the needs of Cameroon

Turkey’s Minister of Economy Zafer Caglayan has said on Wednesday, Turkey was ready to establish a Turkish organized industrial zone in Cameroon.

Caglayan spoke at the Turkey-Cameroon Trade and Investment Forum and said, 53 years old diplomatic relations between Turkey and Cameroon would continue by developing.

Turkish minister underlined that they pay high attention to develop relations with Cameroon in politics, diplomatics, economics and trade and said, “The beginning of flights and the opening of our embassy have a big importance. Turkish Airlines (THY) used to fly only to North Africa and now it flies to 34 different destinations. And in Cameroon THY flies to two destinations. This makes clear the importance of links between Turkey and Cameroon. We care about Cameroon because we care about Africa. In Turkey-Africa relations, we do not only look for financial results.”

Caglayan said, Turkey was playing an important role on the development of Africa continent and stated, “Total investments of Turkish business world is something between 20-25 billion USD. 25 Percent of these are being placed in Africa and this shows the interest of Turkish business community in Africa.”

Caglayan said, with legal infrastructure, Turkish business community would contribute into the future of Cameroon and noted, “We would like to say that we are ready to set up a Turkish organized industrial zone.”

Cameroon’s President Paul Biya invited Turkish businessmen to invest in his country.

“Turkey has the capacity to meet our needs, and we could work together in infrastructure, agriculture and mining areas, said Biya who spoke at the opening of Turkey-Cameroon Trade & Investment Forum.

Biya said that Cameroon was a gate to Central African market, and called on Turkish businessmen to invest in Cameroon.       Biya expressed pleasure that Turkey set trade volume target between the two countries as 500 million USD.

via Turkey is ready to set up an industrial zone in Cameroon | Economy | World Bulletin.