Turkey’s Imports From Greece Up by Nearly 40% in 2011

Turkey’s Imports From Greece Up by Nearly 40% in 2011

Turkey’s imports from crisis-stricken Greece jumped by nearly 40% last year thanks to more affordable prices as the Greek exporters were eager to take a bigger share in Turkey’s robust market, which also attracts Greek firms to shift investments during crisis, according to professionals.

“As the competitiveness of some Greek companies declined due to the devastating economic crisis, Greek exporters started to look to the closest market to save their business,” said Selim Egeli, chairperson of the Turkish-Greek Business Council at Foreign Economic Relations Board of Turkey (DEIK).

“Considering the logistical costs, it’s logical for Greek exporters to penetrate the robust Turkish market,” Egeli said to Hurriyet daily.
(source: ANSA)