Islamic bank to meet business world in Turkey in April

By Gokhan Ergocun

TUNIS, Tunisia (AA) – Turkey’s Aegean province of Izmir will host an Islamic Development Bank Group (IsDB) event to meet businesspeople from its member countries on April 26-27, Turk Eximbank’s CEO said on Wednesday.

Speaking exclusively to Anadolu Agency, Adnan Yildirim said that they will share details with industry and trade chambers and business associations in the coming days.

On Turk Eximbank’s missions, he said: “Turkey aims to boost trade relations with the IDB’s 57 member countries.”

“Turk Eximbank wants to raise Islamic countries’ 10 percent share of world trade to 20 percent,” he added.

He also said Turkey’s current trade with IDB member countries totals around $45 billion, and it hopes to raise it to $100 billion within 10 years.

Turk Eximbank aims to double its support to companies in IDB member countries, he underlined.

On headlines about “trade war,” he said: “Turk Eximbank is already in a figurative war to increase Turkey’s international trade.”

Turk Eximbank ranks second globally after South Korea’s Eximbank in terms of financing exports.

Since its establishment in 1987, the bank has implemented international credit, guarantee, and credit insurance programs aimed at developing economic and political ties between Turkey and other countries.