The memorandum of understanding includes the formation of a joint working group to support agricultural cooperation between Turkey and Saudi Arabia (Anatolia)
Turkish Minister of Agriculture and Forestry Ibrahim Yumkeli announced on Sunday that his country signed a memorandum of understanding with Saudi Arabia in the field of agriculture.
The Turkish minister added – in a post on the X platform – that he held "talks with a Saudi delegation, headed by Minister of Environment, Water and Agriculture Abdul Rahman Al-Fadhli," during his visit to Riyadh.
Yumkoli explained that the talks witnessed the signing of a memorandum of understanding between the two countries in the field of agriculture, and expressed hope that this memorandum will bring "good to both countries".
According to a statement by the Turkish Ministry of Agriculture and Forestry, the memorandum of understanding provides for "strengthening cooperation in the fields of agriculture, livestock and water management."
The memorandum also includes "the formation of a joint working group to take the necessary measures in this regard, provided that the working group holds periodic meetings if necessary."
Earlier, the head of the Federation of Turkish Chambers and Stock Exchanges, Rifaat Hisarcağlioglu, expected to achieve significant growth in trade exchange between Turkey and Saudi Arabia by the end of this year.
Turkish-Saudi relations target $30 billion in trade in the medium and long term.
The volume of trade exchange between Riyadh and Ankara reached $ 6.5 billion in 2022, up from $ 3.7 billion in 2021, while it reached $ 3.4 billion in the first half of 2023.
Source : Websites + Anadolu Agency