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News release


17 March 2009

City of London Lord Mayor leads visit to Turkey to forge closer financial links with important business partners

City of London Lord Mayor Ian Luder arrives in Turkey on Tuesday 17 March with a business delegation to spend four working days in Ankara and Istanbul to help build stronger ties with Turkey's key financial services decision-makers.

Lord Mayor Luder will meet Turkish officials and take part in meetings on Alternative Dispute Resolution, PPP (Public Private Partnership), Islamic Finance and Corporate Governance. The aim is to share experience and create or enhance partnerships across the Turkish financial, legal, educational, maritime and infrastructure sectors.

Working alongside UK Trade & Investment and the Foreign & Commonwealth Office, the Lord Mayor and his team will meet the Istanbul Bar Association, the Istanbul Stock Exchange, and the Chamber of Shipping, taking part in events with sponsored by the Baltic Exchange and Maritime London, and City University's Cass Business School.

Lord Mayor Luder, the global ambassador for the UK-based financial services industry said: "Turkey is an important global partner in commerce and industry with a highly dynamic and flexible private sector - and a government that is determined to create the conditions for it to flourish further. The City of London is working closely with Turkey as it develops its financial services, and this visit is a key element in that partnership.

"The UK strongly supports Turkey's full membership of the EU which would mean mutual benefits in commerce, skills-sharing and market access.

"Turkey is important, not only in its own right as a fast-growing neighbour nation, but also as a bridge into the wider region of Russia, Central Asia and the Middle East - with all of which it has deep and ever-strengthening commercial ties.

"Of course, we are all facing challenging times at the moment but Turkey's leadership and people are determined to continue working hard to win a major role for Turkey on the world stage. The City of London stands alongside them in their endeavour, and this very full visit covers a wide range of financial services areas. Turkey's business community understand that a strong financial sector requires a broad base - from high quality education to professional services - which is why this visit includes such a wide range of elements."

Note : For detailed information please call Paul Hardy ( 0 312 455 33 37) or Pinar Yapanoglu ( 0 312 455 32 58) from the British Embassy Commercial Section.


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