Monday, March 21, 2011

HGD Guillaume Strengthens Luxembourg-Turkish Relations

On Monday and Tuesday, the Prince and Minister Krecké met with several Turkish political leaders, including Ali Babacan, Deputy Prime Minister and Minister of State in charge of coordinating Economic Affairs and Zafer Caglayan, Minister of State in charge of Foreign Trade. They also held an interview with Taner Yidiz, Minister of Energy and Natural Resources where, with the Japanese tsunami and earthquake and the subsequent nuclear emergency in mind, the two sides discussed a possible cooperation on energy, the implications of Japan’s crisis on nuclear energy policy and the construction of oil and gas pipelines. Minister Yidiz articulated Turkey’s determination to build nuclear power plants and the importance of learning lessons from the situation in Japan. Krecké highlighted the significance of Turkey’s role as a transit country and resource supplier in a world still dominated by oil and natural gas. He also stated that Luxembourg wanted to cooperate with Turkey in finance.

Prince Guillaume and Krecké also met with Mehmet Simsek, the Turkish Minister of State in charge of Foreign Trade. Both sides stressed the possibilities in developing economic and trade relations. Simsek also praised Luxemburg’s support for Turkey’s accession to the European Union and criticized the Union’s hesitation to negotiate the country’s candidacy.

Discover Luxembourg

Over the next few days, Prince Guillaume and Krecké attended various functions in Istanbul.

On Wednesday, they paid a visit of courtesy to Istanbul’s mayor, Kadir Topbas to discuss strengthening relations between Luxembourg, Turkey, and Istanbul. The mayor stated that the visit of the Prince and his accompanying delegation honored the city. Notably, this is the Prince’s first time in Istanbul and the mayor extended an invitation for Guillaume to visit the city again. In return, Guillaume stated that “I am aware of the potential between Turkey and Luxembourg for cooperation and we are here to develop such a cooperation.”

Later that afternoon, Prince Guillaume, Minister Krecké and their delegation attended the finance seminar, “Discover Luxembourg,” which was organized by Luxembourg for Business and Luxembourg for Finance. The goal of this seminar was to discuss the characteristics of the Luxembourgish financial market and the possible economic collaboration between Luxembourg and Turkey. Guillaume made the welcoming speech and stated, “Luxembourg is one of the six founder countries of the European Union and is playing a major role in many of the important international organizations of the world. We can collaborate with Turkey on finance and services sectors.” The next day, Minister Krecké opened another seminar involving the investment fund industry in Luxembourg.

Photos: MECE

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