Published October 31,2023
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Türkiye goals to finish the Development Road Project, set to attach the Persian Gulf to Europe through Iraq and Türkiye as quickly as attainable, the nation’s commerce minister mentioned on Tuesday.
“We are determined to cooperate with the United Arab Emirates, Iraq, Qatar and, if it accepts, Saudi Arabia, in the Development Road Project and to complete this project as soon as possible,” Omer Bolat mentioned on the Türkiye-UAE Business Forum in Istanbul.
The venture, which can join the international locations through railways, roads, and ports, will shorten the time for logistics and cut back prices, he mentioned.
The yr of 2023 was a milestone for Türkiye and the UAE, when the events signed a complete commerce deal, in response to the Turkish minister.
The bilateral commerce quantity between Türkiye and the UAE was at $10 billion final yr and topped $14 billion through the January-September interval this yr, Bolat mentioned.
“$15 billion target, which was set for a five-year period, was reached in just two years, the $25 billion target will also be reached in a couple of years,” he pledged.
Officials and delegations from Türkiye and the UAE met through the discussion board in several classes, he mentioned.
A memorandum of understanding was additionally signed between the 2 international locations to strengthen bilateral relations, he added.
Thani bin Ahmed Al Zeyoudi, the Emirati commerce minister, mentioned Türkiye and the UAE’s commerce and funding relations have been bettering and they are going to be stronger within the coming interval.
The boosted ties between the 2 international locations are helpful for the area and the world, he mentioned.
Türkiye, he mentioned, is without doubt one of the high 10 international commerce companions of the UAE, including that additionally it is an vital strategic companion for the Emirati non-public sector.
The discussion board was organized by Türkiye’s Foreign Economic Relations Board (DEIK) in cooperation with the Turkish Trade Ministry and the Emirati Economy Ministry.
Source: www.anews.com.tr
