Speaking to the A.A in the Mediterranean province of Mersin, Tuzmen commented on the impacts of the latest economic developments in USA.

"When there is a storm in the ocean, giant waves appear. As USA has a deep stock exchange, the waves were big as well. However, as Turkey does not have a deep market, storms do not create big waves in our country," Tuzmen said.

"Therefore, Turkey will get over these problems in an easier way," he said.

Tuzmen also said that "a cloud of capital" was wandering all around the world at the moment. He said the money would flow to safe and reliable places.

"Turkey is one of the safest havens," Tuzmen said.

"As long as we preserve our stable image, we will continue to have foreign capital flow and we will direct this force to exports and production," he added.

Tuzmen said Turkey's export figures reached 132 billion USD and imports were around 200-205 billion USD. He also said that 2008 foreign-trade deficit would be nearly 70 billion USD.

Noting that 40 billion USD of such figure was spent for oil and natural gas, Tuzmen said, "Turkey does not have energy resources, however we reach these export figures with human and brain power. These powers are of great importance in our century".

AA