President Recep Tayyip Erdoğan held a gathering with representatives of worldwide funding companies on the sidelines of a summit in Dubai on Tuesday.
The assembly, held on the sidelines of the World Governments Summit, Erdoğan introduced Türkiye’s ambition to raise the commerce quantity between Ankara and the United Arab Emirates to $50 billion throughout the subsequent 5 years.
Highlighting over 40 agreements signed throughout varied sectors together with commerce, finance, customs, vitality, setting, and banking, Erdoğan confused the necessity to strengthen bilateral partnerships and the creation of latest alternatives and facilitations for the non-public sector.
Recalling the elevation of relations to the extent of “Strategic Partnership” by way of the council mechanism introduced throughout their go to in July, Erdoğan introduced plans for the inaugural assembly of the council, which he’ll co-chair with Mohammed bin Zayed Al Nahyan, president of the United Arab Emirates, to be held in Türkiye within the coming months.
He identified the tangible outcomes of those initiatives in funding and commerce, with bilateral commerce quantity surpassing $20 billion final 12 months, marking a 112% enhance.
Türkiye has change into the most important buying and selling associate of the UAE within the Gulf area, with near 600 UAE-capital corporations working in varied sectors in Türkiye and round 1,000 Turkish-capital corporations within the UAE, he stated.
Erdoğan expressed confidence within the potential for additional collaboration, saying the mutual aim is to raise the commerce quantity to $50 billion throughout the subsequent 5 years.
Addressing the latest choice to grant a 90-day visa exemption to UAE residents, Erdoğan underscored Türkiye’s readiness to assist potential buyers from the UAE, highlighting the open doorways of establishments such because the Presidency Investment Office, embassies, and consulates to buyers.
President Erdoğan is collaborating within the 2024 World Governments Summit, which started on Monday with the participation of over 25 heads of state and authorities leaders.
The summit, themed Shaping Future Governments, will run till Feb. 14.
Source: www.dailysabah.com