Greek exports to Turkey triple since crisis

Posted in the Cyprus Forum

Since: Mar 10

Location hidden

#1 Dec 31, 2012
Turkey has become a major export market for crisis-hit Greece, whose exporters have tripled trade to growing Turkish markets since the start of Greek financial woes in 2008.
Greek exports to Turkey this year are expected to reach a value of $3.3 billion, while in 2008 that number was just $1.15 billion, said Economy Minister Zafer Çaglayan in comments to the press over the weekend. The minister also said that Turkish exports to Greece have dropped over the same period, from $2.4 billion in trade in 2008 to $1.3 billion -- almost 50 percent less -- in 2012. The crisis has seen major contractions in Greece's economy, which shrunk by 7.2 percent on an annual basis in the third quarter of this year. Greek imports include cotton, plastic and petroleum, while Turkish exports to Greece include machine parts, textiles, food and fishing equipment.
Trade between Greece and the Turkish Republic of Northern Cyprus (KKTC) has also grown since 2008, the economy minister said, claiming that imports have quadrupled to $1.2 billion while KKTC exports to Greece have remained steady at around $80 million annually.
Çaglayan also spoke of rapid growth in trade relations with Israel, which is expected to import $2.4 billion in Turkish goods this year, up from $1.5 billion in 2009. Turkish imports from Israel meanwhile grew from $1 billion to $1.7 billion over the same period. That growth comes despite the two powers' diplomatic falling out over Israel's attack on the Turkish aid ship Mavi Marmara in international waters in 2010, an attack that left eight Turks and one Turkish-American dead.
390GREEKfirms

Collierville, TN

#2 Dec 31, 2012
FHGWS wrote:
Turkey has become a major export market for crisis-hit Greece, whose exporters have tripled trade to growing Turkish markets since the start of Greek financial woes in 2008.
Greek exports to Turkey this year are expected to reach a value of $3.3 billion, while in 2008 that number was just $1.15 billion, said Economy Minister Zafer Çaglayan in comments to the press over the weekend. The minister also said that Turkish exports to Greece have dropped over the same period, from $2.4 billion in trade in 2008 to $1.3 billion -- almost 50 percent less -- in 2012. The crisis has seen major contractions in Greece's economy, which shrunk by 7.2 percent on an annual basis in the third quarter of this year. Greek imports include cotton, plastic and petroleum, while Turkish exports to Greece include machine parts, textiles, food and fishing equipment.
Trade between Greece and the Turkish Republic of Northern Cyprus (KKTC) has also grown since 2008, the economy minister said, claiming that imports have quadrupled to $1.2 billion while KKTC exports to Greece have remained steady at around $80 million annually.
Çaglayan also spoke of rapid growth in trade relations with Israel, which is expected to import $2.4 billion in Turkish goods this year, up from $1.5 billion in 2009. Turkish imports from Israel meanwhile grew from $1 billion to $1.7 billion over the same period. That growth comes despite the two powers' diplomatic falling out over Israel's attack on the Turkish aid ship Mavi Marmara in international waters in 2010, an attack that left eight Turks and one Turkish-American dead.
390 greek firms create exports and jobs for turks----- http://www.mfa.gov.tr/turkey_s-commercial-and...
Dervis Eroglu

Edgware, UK

#3 Dec 31, 2012
390GREEKfirms wrote:
<quoted text>390 greek firms create exports and jobs for turks----- http://www.mfa.gov.tr/turkey_s-commercial-and...
Wrong again, foulmouth, it is the policy of Ankara to help Greece in their Financial Crisis, that is why Turkey invited from Greece over 300 business man/woman to Turkey last year to see how they can help, why do you think all of a sudden Turkey is spending billions in imports from Greece,

Your 300 Greek company's in Turkey put together are not worth a toss
let alone billions of Euros.
MKZ6

Shirley, NY

#4 Dec 31, 2012
Dervis Eroglu wrote:
<quoted text>
Wrong again, foulmouth, it is the policy of Ankara to help Greece in their Financial Crisis, that is why Turkey invited from Greece over 300 business man/woman to Turkey last year to see how they can help, why do you think all of a sudden Turkey is spending billions in imports from Greece,
Your 300 Greek company's in Turkey put together are not worth a toss
let alone billions of Euros.
i do agree with you ,they try to help the economy ,Turks in Turkey are not fanatics as some in here and if you take off some of the political crop those two countries can have exelent relations/.is no hate between people is between politicians on both sides /.
Dervis Eroglu

Edgware, UK

#5 Dec 31, 2012
MKZ6 wrote:
<quoted text>i do agree with you ,they try to help the economy ,Turks in Turkey are not fanatics as some in here and if you take off some of the political crop those two countries can have exelent relations/.is no hate between people is between politicians on both sides /.
Turkey is doing the best they can to help their neighbour Greece.
Turks in Turkey and Greeks in Greece get on very well,
Greeks of Greece and Greeks of illegal ROC are different it's like comparing chalk and cheese, Greeks of illegal ROC are racist and full of hatred,
it is not just their politicians it is also their parents teachers priests who educate them from a very young age to be racist and hateful towards Turks , Muslims and foreigners of any kind. as you can see every one of them on this forum continually vomiting out hatred,
Tc In London

Loughton, UK

#6 Jan 1, 2013
390GREEKfirms wrote:
<quoted text>390 greek firms create exports and jobs for turks----- http://www.mfa.gov.tr/turkey_s-commercial-and...
Thank you

i know deep down you all love Turks here especially there Villos
lololol wit mounaramouth

Collierville, TN

#7 Jan 2, 2013
Tc In London wrote:
<quoted text>
Thank you
i know deep down you all love Turks here especially there Villos
,,,,,deep' throatin again mounaramouth Takin c0ck In London,,,,,,

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Cyprus Discussions

Title Updated Last By Comments
News Isolated north Cyprus counts on Turkey for econ... 6 hr greek 18
The EU parliament recognizes the Armenian genoc... 11 hr greek 6
Adult chat (Dec '08) Sun Janelle 21
Turkey has provided 10,000 passports to ISIS Sun greek 11
Why Greeks are so stupid? Apr 18 greek 2
Meanwhile 120,000 Turks live in Greece Apr 15 greek 8
Greeks should blame themselves Apr 14 Mkz6 8
More from around the web