<p>"We will be discussing issues relating to non-tariff and tariff barriers under FTA with Indian authorities," Turkish Trade Minister Zafer Caglayan said here in his address to India-Turkey Business Forum.<br /><br />Both the countries are exploring the possibility of FTA to boost bilateral trade.<br /><br />The current two-way commerce is USD 3.14 billion and experts said an FTA between the two would significantly enhance the trade.<br /><br />Major imports from Turkey comprise minerals, fertilisers, nuclear reactors and machinery, while exports include pharma, manmade yarn and electronic goods.<br /><br />Besides, the visiting minister asked Indian corporates to make investment in Turkey because of its strategic geographical location and potential for economic growth.<br /><br />Referring to sectors where investment can be made in Turkey, Caglayan said his country has plans of huge investments in energy sector in the next 10 years.<br /><br />About USD 120 million would be invested in the energy sector, he said.</p>
<p>"We will be discussing issues relating to non-tariff and tariff barriers under FTA with Indian authorities," Turkish Trade Minister Zafer Caglayan said here in his address to India-Turkey Business Forum.<br /><br />Both the countries are exploring the possibility of FTA to boost bilateral trade.<br /><br />The current two-way commerce is USD 3.14 billion and experts said an FTA between the two would significantly enhance the trade.<br /><br />Major imports from Turkey comprise minerals, fertilisers, nuclear reactors and machinery, while exports include pharma, manmade yarn and electronic goods.<br /><br />Besides, the visiting minister asked Indian corporates to make investment in Turkey because of its strategic geographical location and potential for economic growth.<br /><br />Referring to sectors where investment can be made in Turkey, Caglayan said his country has plans of huge investments in energy sector in the next 10 years.<br /><br />About USD 120 million would be invested in the energy sector, he said.</p>