HSBC Brings Growing Trade Flows Between MENA and Turkey Into the Spotlight

HSBC Brings Growing Trade Flows Between MENA and Turkey Into the Spotlight PR Newswire DUBAI, September 17, 2012 DUBAI, September 17, 2012 /PRNewswire/ -- "Turkey has an extremely strong long-term story" said Tim Reid, Regional Head of Commercial Banking for HSBC UAE and North Africa (MENA) during his Welcome Address at the HSBC MENA / Turkey Forum today. "The combination of strong fundamentals and good demographics should see Turkey maintain a very respectable pace of growth throughout the forecast horizon". Gathering business leaders, the Forum is the third leg of its series, held as part of its Global Connections campaign. Trade flows between MENA and the emerging markets is a key theme of HSBC's Global Connections story in the region. According to the HSBC Global Research "World in 2050" report, economies we currently call "emerging" are going to power global growth over the next four decades. As a result, in October 2011 HSBC held its first forum on discussing international trade between UAE and India. Earlier this year the Bank focused on China. Today it turned its attention to Turkey. Speaking about Turkey's economic growth, His Excellency, the Ambassador of the Republic of Turkey to the United Arab Emirates, Mr Vural Altay said "I would like to encourage Emirati and Arab brothers and investors to further boost their engagement in the highly lucrative Turkish market.