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ANKARA, Nov. 25 (Xinhua) -- Turkish Finance Minister Kemal Unakitan said Tuesday that Turkey has set up a five-year objective to increase its trade volume with Saudi Arabia to 15 billion U.S. dollars ugg tall, the semi-official Anatolia news agency reported. "The trade volume between the two countries was around 4.6 billion dollars in the first nine months of 2008, with a 69 percent rise over the same period of 2007 ugg classic boots," Unakitan was quoted assaying during a meeting of a joint economic committee between Turkey and Saudi Arabia. Unakitan said the year-end bilateral trade volume would be around 5 billion dollars and expressed determination to raise the figure to 15 billion in five years. "It is important to boost cooperation and increase trade between our two countries," he said, adding that the trade volume could be raised by mutual investments ugg classic short, and Turkey welcomes Saudi companies to invest in Turkey. "The opening the Istanbul-Mecca railway in the near future would definitely improve trade relations between Turkey and Saudi Arabia ugg classic short," he said. Meanwhile ugg classic, the minister hoped a free trade agreement with the Gulf Cooperation Council consisting of six oil-rich Gulf Arab countries should be signed as soon as possible, and that an agreement on trade of goods should also be concluded. Turkish-Saudi Business Council's 7th Joint Meeting will be held in Istanbul on Nov. 26 ugg kensington boots, said the report. Unakitan and Saudi Arabia's Transportation Minister Jubarah binEid al-Suraiseri will attend the meeting, it added.Related articles:
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