Turkish State Minister Tuzmen Meets His Macedonian Counterpart

ANKARA - Turkish State Minister Kursad Tuzmen offered Macedonian State Minister Adnan Kahil to abate tax rates to 6 percent in order to attract foreign investments.
Kahil said they have to set the necessary infrastructure first in Macedonia to attract foreign investment, stating that Macedonian government reduced taxes to around 10 percent and plan to abate VAT rates to 10 percent as well.
Upon Kahil`s remarks to cut down tax rates, Tuzmen offered him to reduce it more, down to 6 percent for 10 or 20 years in order to draw more foreign investments.
Tuzmen also said political relations between Turkey and Macedonia are perfect, adding that they want to improve economic relations too.
Over 100 Turkish firms have invested almost 130 million USD in Macedonia, and 65 Macedonian companies are running business in Turkey, Tuzmen said.
"We can collaborate in transportation, tourism and other areas," Tuzmen added.
Trade volume between Turkey and Macedonia is around 350 million USD, and the two countries aim to increase it to 1 billion USD.
(TÇ-BRC)