Turkey and China sign $ 1.05 billion worth contracts
10.01.2010 17:53 GMT+04:00
/PanARMENIAN.Net/ China and Turkey have signed some 38 contracts for a
total of $ 1.05 billion upon closing the forum in Istanbul, aimed to
economic cooperation between the two states, Turtsia.ru reported.
Contracts are related to imports of minerals, marble and other
products from Turkey to China, as well as joint projects to build
power plants.
Direct Chinese investments in the Turkish economy by late September
2009 reached USD 313 million, Turkish exports to China in 2008 totaled
USD 1.98 billion since 2000. In 2008 trade between the countries rose
from USD 1 billion to USD 12.6 billion