Türkiye and the United Arab Emirates (UAE) signed 13 agreements price $50.7 billion throughout President Recep Tayyip Erdoğan’s go to to the Gulf nation, the Presidential Communications Directorate stated Wednesday.
In the UAE president’s go to in November 2021, when non-oil commerce quantity was round $13 billion (TL 350 billion), Ankara and Abu Dhabi signed a complete of ten offers, together with exchanging monetary info to forestall cash laundering and financing terrorism, cooperation between Abu Dhabi Port Company and Türkiye Wealth Fund, in addition to the central banks and inventory markets of each nations.
The similar month, UAE unveiled a $10 billion fund for Türkiye investments, which Erdoğan and Al Nahyan inked on paper throughout Erdoğan’s go to to Abu Dhabi months later. The offers reached 13 to domesticate partnerships in protection, healthcare, local weather change, trade, tradition, commerce and lots of different fields.
Last yr, the 2 international locations signed a virtually $5-billion foreign money swap deal to spice up Ankara’s dilapidated international foreign money reserves when non-oil commerce quantity measured $19 billion.
In March this yr got here a free commerce settlement to extend bilateral commerce to $40 billion yearly inside 5 years.
Another goal is to create 25,000 jobs within the UAE and 100,000 others in Türkiye as per a partnership framework.
Emirati ambassador to Ankara this week stated, “Soaring trade volume has made Türkiye the fastest growing one among the UAE’s top 10 trade partners,” accounting for over 3% of the nation’s non-oil international commerce.
Source: www.dailysabah.com
