Turkey, Egypt sign transportation agreements

Turkish Minister of Transport, Maritime Affairs, and Communications Binali Yildirim and Egyptian Minister of Transport Hatem Abdel Latif signed railroad, maritime line and highway agreements in Ankara. Yildirim and Egyptian counterpart Latif and his delegation held a press conference at the Transport Ministry in Ankara. Yildirim said transit transportation between Turkey and Egypt will be free, requires no documents and has no restriction. Latif noted that today is the third day of his visit in Turkey and added "l did not feel like an outsider at all". Expressing trade volume between two nations sharply increased, Latif said, bilateral trade volume between Turkey and Egypt reached to 5 billion USD and Turkish investments in Egypt have been above 1.5 billion USD and added that these facts were the indicators of development. Indicating the importance of the agreements, Latif said "our goal is to provide convenience needed in the field of transportation". About the benefits of Ro-Ro transportation, Latif stated within last year two nations realized the benefits of Ro-Ro in trade and private sector felt its benefits. In response to a question, Yildirim evaluated on the growth numbers in 2013's first quarter following his meeting with Latif. Yildirim pointed to 3 percent growth in Turkish economy and said the percentage meant 100 percent increase in growth when compared to the 1.4 percent growth in 2012's last quarter.