Turkey and New Zealand on Tuesday signed tax exemption agreement to boost trade between two countries, with prospect to sign further accords on economic ties.

"We have signed agreements for tax exemption between two countries. We hope to sign other agreements for investment incentive and guarantee," Turkish President Abdullah Gul said Tuesday at a joint press conference with visiting Governor of New Zealand Sir Jerry Mateparae.

Trade between the two countries is not sufficient, but there is a potential, according to the Turkish president.

Mateparae said that "Turkey and New Zealand have many common points. Improving trade with Turkey is important." Endi

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