Türkiye is making progress towards its aim of accelerating commerce quantity with Egypt to $15 billion (TL 509.7 billion) inside the subsequent 5 years, President Recep Tayyip Erdoğan mentioned on Wednesday as he hosted his Egyptian counterpart Abdel Fattah el-Sissi within the capital of Ankara.
Speaking at a joint news convention together with his visiting counterpart, who arrived in Türkiye on a landmark go to seen as the subsequent chapter in enhancing ties, Erdoğan mentioned the 2 international locations reaffirmed their willpower to advance cooperation in each space, together with business, protection, well being, surroundings and power.
“Trade and economic cooperation form the strongest dimension of our partnership,” Erdogan mentioned. “Over the past 10 years, we have continued to be among Egypt’s top five trading partners. We are firmly advancing toward our goal of increasing our trade volume to $15 billion within the next five years.”
The president additionally highlighted the numerous contributions of Turkish businesspeople to the Egyptian financial system, with investments nearing $3 billion. He urged Turkish entrepreneurs to increase their investments additional and to ask Egyptian traders to Türkiye.
Türkiye is keen to increase its cooperation with Egypt in power, notably pure fuel and nuclear energy, the president burdened.
“The brotherly Egyptian people take great interest in the Turkish culture and language. We continue our efforts to strengthen our cultural and social ties further. I believe the positive momentum in our relations will also be reflected in tourism.”
“We will enhance our multifaceted relations in a win-win manner,” he added.
Ministers from the 2 international locations signed 18 memorandums of understanding on cooperation in numerous sectors, from power, protection, tourism, well being and agriculture to finance, tradition, schooling and transport.
Recalling that subsequent yr, each international locations will have fun the a hundredth anniversary of the institution of their diplomatic relations, Erdogan mentioned: “We are two ancient countries that have been cradles to civilizations shaping human history. We continuously strengthen the deep and multifaceted relations between our countries through our joint efforts.”
He additionally mentioned Türkiye and Egypt have a typical stance on the Palestinian situation, including that their contributions to regional peace and stability are “vital.”
Earlier, el-Sissi arrived on an official go to to Türkiye, his first since taking workplace, on the invitation of Erdoğan, who visited Cairo in February.
The media experiences indicated Egypt might purchase drones from Türkiye, with Foreign Minister Hakan Fidan asserting earlier this yr Ankara would offer Cairo with unmanned air automobiles (UAVs) and different applied sciences with out additional elaborating.
Türkiye and Egypt mutually reappointed ambassadors final yr, and additional momentum in ties has been noticed this yr.
Among areas of cooperation in agriculture, the 2 international locations inked a memorandum of understanding to cooperate in rising and researching drought-resistant varieties of cereal crops and producing vegetable seeds and fruit saplings, along with local weather points, corresponding to drought, world temperature rises, water shortage and extra.
At the identical time, the Turkish transport and infrastructure minister mentioned Thursday the variety of reciprocal flights between Türkiye and Egypt will probably be greater than doubled.
The frequency of flights between the 2 international locations will bounce from 30 per week to 67 beneath a brand new settlement signed between Turkish and Egyptian civil aviation authorities, Abdulkadir Uraloğlu mentioned in a written assertion.
At a Wednesday assembly of the international locations’ High-Level Strategic Cooperation Council Meeting co-chaired by Erdoğan and el-Sissi, three offers had been sealed in railways, data communications applied sciences and civil aviation.
Energy and Natural Resources Minister Alparslan Bayraktar additionally offered data on power offers signed, in a put up on X.
“In the presence of our President Erdoğan and President of Egypt Mr. Abdel Fattah Al-Sisi, we signed a ‘Memorandum of Understanding on Energy’ with Egyptian Foreign Minister BedrAbdulati.”
“With this agreement, we will strengthen energy cooperation between the two countries and develop joint projects on electricity infrastructure and trade, renewable energy, energy efficiency, hydrogen and nuclear energy. I hope that the agreement will be beneficial for both countries,” he mentioned.
The go to on Wednesday was the primary presidential-level Egyptian go to to Türkiye in a decade, a part of persevering with efforts to strengthen ties between the Mediterranean neighbors.
Source: www.dailysabah.com