Turkish Minister: Investments in the agriculture sector on the rise
Turkey in parallel to the bright performance it has displayed in economic growth in the last decade, has been attracting considerable amounts of FDI in the agriculture sector.
This fact was confirmed by the Mr. EKER, the Minister of Agriculture who stated during a meeting with journalists the FDI in the food and agriculture sector had been $14 million in 2002 and it had reached $2.1 billion in the first 10 months in 2012.
He also added that both domestic investments and foreign investments in the agriculture sector were on the rise.
The Minister emphasized that agriculture was still one of the engine powers of the Turkish economy and some 6.2 million people worked in Turkish agricultural fields of 24 million hectares. He also informed that the sector generated $62 billion of gross domestic products last year and the national income had been $774 billion the same year.
The minister said “When compared with Europe, one third of the working population is employed in the sector and this figure is 4 percent in European Union member nations in average”.
Mr. Eker added that some 6.2 million people worked in Turkish agricultural fields of 24 million hectares and the sector had generated $62 billion of gross domestic products last year”.
The Minister emphasized that international organizations expected an inflation in food prices until 2021 and Turkey would support small sized enterprises in their effort to fight back.