Turkey to fight global inequality during G20 presidency
Prime Minister Ahmet Davutoglu said Turkey would bridge the gap between developed economies and undeveloped countries to fight global inequality, Anadolu Agency reported.
Davutoglu made the remarks in his address to businessmen and politicians at the gala night of the 15th International Independent Industrialists and Businessmen Association Fair in Istanbul.
The fair gathered 7,000 businessmen from 123 countries across the globe.
The premier explained Turkey's goals when it takes over the G20 presidency in December.
"Our priority is to engage in bridging the gap between the world's most developed and least developed countries," told Davutoglu.
The G20 group represents 90 percent of the global economy and two thirds of the world's population.
Davutoglu said one of the biggest problems of the world was income inequality; he highlighted the fact that one fifth of the global population was deprived of electricity, while New York and a few other large U.S. cities consume as much electricity as all of Sub-Saharan Africa.
"Turkey will continue to be the voice of global conscience," he added.
G20 leaders had gathered in Brisbane, Australia in mid-November, where they agreed on plans to increase their economies by more than two percent and add to the global economy by $2 trillion by 2018.
"Some countries aim to stimulate demand to pave the way for an economic boom, while some others plan to refrain from inflationist pressures to head towards a more strict policies," Davutoglu said.
"Turkey has shared its perspective with other leaders about conducting anti-inflationist strict policies based on fiscal discipline and increasing growth at the same time," he added.
The Turkish premier also criticized the ongoing Transatlantic Trade and Investment Partnership agreement talks between EU and the U.S., which Turkey is excluded from despite the strong economic ties with both world powers.
"Turkey is determined to be included into the talks," said Davutoglu, as it is a "conventional liability" rising from Turkey-EU economic relations.
The head of the association, Nail Olpak, said a possible agreement would cost Turkey a loss of 2.5 percent in welfare and boost EU and the U.S. economies by €120-200 billion.
The Anadolu Agency also received a certificate at the event for being the global media sponsor of the fair from Turkey's Transportation Minister Lutfi Elvan.