CHINA / TURKEY / L-O BY STEPHANIE HO/BEIJING
From: yanni@ix.netcom.com (Ioannis Bousnakis)
DATE=5/24/95
TYPE=CORRESPONDENT REPORT
NUMBER=2-179278
TITLE=CHINA / TURKEY / L-O
BYLINE=STEPHANIE HO
DATELINE=BEIJING
CONTENT=
VOICED AT:
INTRO: TURKISH PRESIDENT SULEYMAN DEMIRAL IS IN CHINA FOR A
FIVE-DAY VISIT AIMED AT BOOSTING CULTURAL AND ECONOMIC TIES
BETWEEN THE TWO COUNTRIES. AS V-O-A'S STEPHANIE HO REPORTS, THE
TWO SIDES SIGNED SEVERAL AGREEMENTS COVERING TAXATION ISSUES AND
CULTURAL EXCHANGE PROGRAMS.
TEXT: IN A MEETING AT BEIJING'S GREAT HALL OF THE PEOPLE
TUESDAY, CHINESE PRESIDENT JIANG ZEMIN TOLD MR. DEMIRAL THE TWO
COUNTRIES HAVE A HISTORICAL FRIENDSHIP -- DATING BACK TO THE TIME
WHEN TRADERS PLIED THE SILK ROAD THROUGH WHAT IS NOW WESTERN
CHINA. THE TURKISH PRESIDENT DISCUSSED BILATERAL AND
INTERNATIONAL ISSUES IN MEETINGS WITH CHINESE PREMIER LI PENG AND
THE CHAIRMAN OF CHINA'S NATIONAL PEOPLE'S CONGRESS, QIAO SHI,
WEDNESDAY.
ACCOMPANYING MR. DEMIRAL ARE MORE THAN 40 TURKISH BUSINESSMEN,
WHO HAVE THEIR EYES ON THE GREAT POTENTIAL FOR INCREASING
ECONOMIC COOPERATION WITH CHINA. OFFICIAL CHINESE FIGURES PUT
TRADE VOLUME BETWEEN THE TWO COUNTRIES LAST YEAR AT NEARLY 650
MILLION DOLLARS.
MEANWHILE, OFFICIALS FROM BOTH SIDES ALSO ATTENDED A CEREMONY IN
BEIJING (TUESDAY) TO LAY THE FOUNDATION STONE FOR THE FIRST
CHINESE-TURKISH JOINT VENTURE.
THE NEW BEIJING BAYCAN BEFOCO FOODSTUFFS COMPANY LIMITED HAS A
CAPITALIZATION OF 14 MILLION DOLLARS AND WILL PRODUCE CHEWING
GUM.
TURKEY'S BAYCAN FOODSTUFFS COMPANY HOLDS 80 PERCENT OF THE
VENTURE. CHINA'S WINE, DRINK AND FOODSTUFFS IMPORT AND EXPORT
COMPANY HOLDS THE REMAINING 20 PERCENT. CONSTRUCTION OF THE
VENTURE IS EXPECTED TO BE COMPLETED IN A YEAR.
AN OFFICIAL FROM CHINA'S MINISTRY OF FOREIGN TRADE SAYS THE JOINT
VENTURE IS A GOOD FIRST STEP TOWARD MORE ECONOMIC COOPERATION
BETWEEN THE TWO COUNTRIES.
THE TURKISH PRESIDENT ARRIVED IN BEIJING TUESDAY. HE WILL STOP
IN THE CENTRAL HISTORICAL CITY, XIAN, THURSDAY AND VISIT THE
EASTERN PORT SHANGHAI, BEFORE LEAVING CHINA SATURDAY. (SIGNED)
NEB / WOD / WOD
24-May-95 6:17 AM EDT (1017 UTC)
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Source: Voice of America
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