Looking ahead to growth

Article Abstract:

Relations between Turkey and Asian nations have often benefited Turkey's economic growth and its entry into the global market. Japan is the leading investor in Turkey with $180.9 million in new investments in 1st qtr 1995 alone. Both Honda and Toyota plan joint manufacturing ventures with Turkish companies Anadolu Industry Holding and Haji Omer Sabanci Holding respectively. Currently, Turkey exports iron and steel to China while importing textile equipment, electronic products and large machinery among others.

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History of friendship

Article Abstract:

Relations between Turkey and Asian nations such as Japan and South Korea are positive and economic and military support has been forthcoming. Turkey provided South Korea with military aid during the Korean War while Japan has offered Turkey $200 million to $300 million in credit to promote Turkey's export industry. However, businesses of both areas find the distance between Turkey and Asia an impediment while another difficulty is that products tend to conflict rather than complement each other.

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