Joint trade between the two countries jumped 54% in 2021
Al Zeyoudi: Emirati-Turkish relations are preparing for a new era of partnership and stimulating economic growth
Al-Zeyoudi was briefed on a number of projects during the visit.
From the source
Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, affirmed that Emirati-Turkish relations are preparing for a new era of partnership and constructive cooperation based on achieving common interests and stimulating mutual economic growth in the two friendly countries.
He said, "The Emirati-Turkish relations are currently witnessing a qualitative development in all areas of common interest, thanks to the joint will of the leaderships of the two countries to advance these relations to broader horizons, which was translated by the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces. , to Turkey by the end of 2021, and the visit of Turkish President Recep Tayyip Erdogan to the UAE last February, which resulted in the signing of about 72 agreements and memoranda of understanding in various fields.
Thani Al Zeyoudi's statements came at the end of his visit at the head of a high-level Emirati delegation to Turkey, which witnessed the launch of the first round of talks aimed at reaching a comprehensive economic partnership agreement between the two countries aimed at doubling the volume of intra-non-oil trade between them, stimulating mutual investments, and consolidating relations. economic development and upgrading it to broader horizons by creating more opportunities for the business communities in the two countries.
During this visit, Al-Zeyoudi held a series of meetings with a group of Turkish ministers and senior officials, as well as representatives of the Turkish business community and private sector.
It is noteworthy that the volume of non-oil intra-regional trade between the UAE and Turkey recorded 50.4 billion dirhams in 2021, a growth of 54% compared to 2020, and 86% compared to 2019, while Turkey accounts for more than 3% of the volume of non-oil foreign trade of the UAE The volume of Emirati investments in Turkey amounted to more than 18.3 billion dirhams at the end of 2020, while the value of Turkish investments in the UAE amounted to 1.1 billion dirhams at the end of 2019.
Thani Al-Zeyoudi met with Turkish Minister of Trade, Mehmet Muş, Minister of Industry and Technology, Mustafa Varank, Minister of Energy and Natural Resources, Fatih Donmez, and Minister of Transport and Infrastructure, Adil Karaismailoğlu.
In Thani Al-Zeyoudi's meeting with the Turkish Minister of Industry, the two sides praised the positive developments in bilateral relations during the past two years, and affirmed the common interest in supporting these constructive developments, and striving to develop these relations and open new horizons for areas of cooperation.
In the round table meeting that brought together Thani Al-Zeyoudi and his accompanying delegation with the Turkish Minister of Trade, senior officials and representatives of the business sector and the private sector in Turkey, the two sides discussed, in the presence of officials of a number of the most important Turkish companies, opportunities for joint cooperation between the private sector in the two countries, and ways to enhance Joint cooperation and opportunities for developing relations and overcoming challenges that may hinder trade and investment exchange between the two countries. Some possible investment opportunities in the two countries were also presented.
Al Zeyoudi also presented to the Turkish side the latest developments and incentives in the business environment in the UAE, and the positive effects of plans to stimulate economic, industrial and investment growth on the ease of doing business in the country in all sectors.
Al-Zyoudi and the Turkish Minister of Energy and Natural Resources discussed ways to advance joint work to broader horizons, and the various opportunities to enhance cooperation between the two countries. and solar energy.
In a related context, Al Zeyoudi and his accompanying delegation made field tours in Istanbul and Ankara to inspect a number of investment projects affiliated with Emirati companies. He also visited the real estate projects of Emaar and Rotana.
The UAE-Turkish relations are currently witnessing a qualitative development in all areas of common interest.
• The talks aim to reach a comprehensive economic partnership agreement between the two countries to double bilateral trade and stimulate mutual investments.
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