(ECO) NO CASH FOR CLUNKERS FOR TURKEY IN NEAR FUTURE.DOHA, Oct 4, 2009 (TUR tur: see ibex. ) -- Turkish government will not implement a cash-for-clunkers scheme in the short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. , said Turkish industry & trade minister. Nihat Ergun spoke to reporters in Qatar, where he attended the Turkish Export Products Exhibition, and said, "it would not be a realistic approach to say that the future of Turkish automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. could be saved only by clunker clunk·er n. Informal 1. A decrepit machine, especially an old car; a rattletrap. 2. A failure; a flop. incentive." Last month, Ergun said government was working on a plan to withdraw cars over 16 years old from roads with a cash-for-clunkers scheme. However, Ergun told reporters on Sunday that the matter was quite complex and that it would take some time to work on it. "The question is whether a cash-for-clunkers scheme could boost demand or not," Ergun said. "Since the beginning, we have been positive on such an incentive, not only to boost demand but also environmental reasons and traffic security," he said. "But no one should expect a cash-for-clunkers scheme in the short period. It could only be implemented in a long-term period," he added. (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
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