38630
Turkey-Jordan Route to Boost Trade in Mideast
World Economy

Turkey-Jordan Route to Boost Trade in Mideast

A new Ro-Ro (roll-on/roll-off) route to Jordan’s port of Aqaba from Turkey announced by Prime Minister Ahmet Davutoglu last Sunday could boost exports to the Middle East, Turkish Exporters Assembly head Mehmet Buyukeksi said.
In his visit to Jordan last weekend, Prime Minister Ahmet Davutoglu said they are working on a new Ro-Ro route that will enable Turkish trucks and trailers to reach Middle East countries through ships without passing through the turmoil in Syria, Albawaba reported.
“I believe thanks to the planned new route, our trade relations with the Arab world will further promote relations. Both countries will significantly benefit from new Ro-Ro voyages,” Buyukeksi said.
“Also I believe that with infrastructure investments around Iskenderun, Ro-Ro voyages will offer significant advantages to the exporters near this region,” he added.
Buyukeksi stressed that the Ro-Ro transport model has significant advantages, such as considerably less voyage time, speedy cargo handling, and low costs which may also enable the diversification of Turkish exports.
Exporters expect the new Ro-Ro route to not only boost exports but also promote tourism by encouraging Turkish pilgrims en route to Mecca to pass through Jordan.
Mediterranean Exporters Association head Bulent Aymen echoed Buyukeksi’s remarks, stressing that Egypt’s steep price for passing through the Suez Canal renders current Ro-Ro voyages between Iskenderun and Saudi Arabia’s port of Duba unfeasible for many exporters.
Aymen said voyages between Aqaba and Iskenderun, Turkey would be a lifesaver for exports, especially for perishable goods such as fresh fruit and vegetables and other products.
However Aymen warned that launch of Ro-Ro voyages alone would not be sufficient and the governments should cooperate to reduce costs down to $3,000 per truck.
“Jordan should reduce its tolls. Our government also should provide financial support to the Ro-Ro transport model. Discounting the cost from $5,000 to $3,000 per truck would make it an attractive choice,” he said.

 

Short URL : http://goo.gl/pJCRw8
  1. http://goo.gl/hlX70Y
  • http://goo.gl/zUmahM
  • http://goo.gl/Gr8bBv
  • http://goo.gl/X9t22n
  • http://goo.gl/ymV3B0

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Trending

Googleplus