Energy Allied International mulls US$3 bln petrochemicals investment in Turkey

08-Apr-13

Energy Allied International is on the verge of agreeing to a US$3 billion petrochemicals investment in Turkey, Economy Minister Zafer Caglayan said in Austin, Texas. The Turkish government has “reached the final stage” in talks with Energy Allied that expects to benefit from a government incentive scheme for its planned investment. To further promote trade with the US, the government plans to open trade representative offices in separate states. A Trans-Atlantic Free Trade Agreement (TAFTA) being planned between the EU and the US should benefit Turkey as well.