News Summary: Japan, Turkey plan economic talks

Published on NewsOK Modified: January 7, 2014 at 9:55 am •  Published: January 7, 2014

ANKARA TO TOKYO: Japan and Turkey have agreed to begin talks on an economic partnership agreement, part of a drive to build closer ties as they also step up cooperation on nuclear technology.

NUKE POWER: The countries signed an agreement to set up a science and technology university in Istanbul which is expected to facilitate technology transfers and help Turkey build expertise in nuclear energy. Japan pledged support for the project in May.

SUPPLY_DEMAND: Turkey is modernizing its infrastructure and energy sector and thus is a key market for major Japanese industrial groups such as Mitsubishi and Sumitomo. Japanese exports of vehicles, electronics and energy equipment gave it a trade surplus of about $3 billion with Turkey in 2012.

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