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News 5

City of London ready to help Turkey achieve its objectives

Europe lies at a crossroads as we begin 2012 with the sovereign debt crisis continuing to fuel uncertainty about the continent's prospects.

It is all the more remarkable, therefore, that Turkey -- as the Eastern international gateway into Europe -- continues to defy the incredibly tough economic environment.

Growth of 8.2 percent in the third quarter of 2011 made Turkey the second fastest growing economy in the world. Combined with the youngest and fastest growing population in Europe, such economic vibrancy leaves Turkey well placed to play an increasingly key role in the global marketplace.

Turkey and the United Kingdom have long shared a close relationship as two great trading nations and I was delighted to help strengthen these ties by hosting a State Banquet in honor of President Abdullah Gül at Guildhall last November.

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