The Turkish President Abdullah Gul has praised the recent economic development of Asian countries and underlined the shift of economic power from the Atlantic to Pacific. The key to the Asian economic miracle was a combination of political stability and incentives for foreign investment. Mr. Gul was speaking at the Confederation of Asia-Pacific Chambers of Commerce and Industry, CACCI, 25th conference in Istanbul on Tuesday. Developing relations with the Asia-Pacific region has become an important cornerstone of the Turkish foreign policy, Mr. Gul added. The four-day CACCI Conference, started on Sunday, brings together nearly 400 representatives from Asian and Australian chambers of commerce to meet and discuss ways to develop economic ties.