Ergun called on Saudi companies to prefer Turkey instead of China, Japan and United States.
Turkish Industry & Trade Minister Nihat Ergun, who is in Saudi Arabia for talks, addressed Saturday top executives of Saudi companies that control $300 billion and urged better commercial ties with Turkish companies.
"Economic relations between Turkey and Saudi Arabia is not at a desired level. Our trade volume in 2002 was $1.3 billion. In 2010, it reached $4.6 billion. However, it is not possible to economically explain such a low trade between two large G20 economies," Ergun said. (source)
"Economic relations between Turkey and Saudi Arabia is not at a desired level. Our trade volume in 2002 was $1.3 billion. In 2010, it reached $4.6 billion. However, it is not possible to economically explain such a low trade between two large G20 economies," Ergun said. (source)
