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AGRASOY TRADE CONSULTING
NEWS
April 10, 2006
Canada Tops G7 Again as Most Competitive Nation for Trade
DUBAI: For the sixth consecutive time Competitive Alternatives, KPMG’s guide to international business costs, has ranked Canada as the lowest-cost G7 country in which to do business. “In today’s global marketplace, companies continue to seek out the best, most cost-competitive places in which to locate and invest,” according to Canada’s International Trade Minister David L Emerson. “The KPMG study shows once again that Canada offers one of the most cost-effective business and investment climates in the world.”
April 8, 2006
Erdogan: "6.5% Average Growth is Targeted in Ninth Development Plan”
Addressing yesterday’s Supreme Planning Council, which convened to discuss a draft of the Ninth Development Plan, Prime Minister Recep Tayyip Erdogan said that 6.5% average growth was targeted in the period covered by the plan, adding that inflation was expected to fall to 3% by the end of the period. “We expect that our economy will grow by 6.5% and create 620,000 jobs every year,” said Erdogan, adding that gross domestic product (GDP) is expected to reach $690 billion by 2013. “Per capita income is expected to reach $8,723, inflation to fall to 3%, exports to reach $214 billion, and tourism revenues to climb to $36 billion," added Erdogan.
April 6, 2006
TUZMEN: "If Exchange Rate Rises Continue, This Could Bring Down Trade Deficit"
Speaking to reporters after his meeting with Oman’s Economy Minister Ahmet Bin Abdalnabi Macki, State Minister Kursat Tuzmen commented on recent exchange rate increases, saying that if these continue, it could bring down the foreign trade deficit and positively affect the balance of payments. Saying that the overvalued lira was reverting to its normal levels, Tuzmen added that exchange rate would be balanced at 1.6 YTL. /Aksam/ .
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