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Turkish exporters aim to double annual trade with Africa to $ 50 billion




Turkish President Recep Tayyip Erdogan said Ankara aims to strengthen ties and boost bilateral trade with African countries.

Erdogan also announced at the summit that Turkey is offering medical aid to 44 African countries to help them in their efforts to fight the Covid-19 pandemic.  (PHOTO FILE)

Erdogan also announced at the summit that Turkey is offering medical aid to 44 African countries to help them in their efforts to fight the Covid-19 pandemic. (FILE PHOTO) (Reuters Archives)

Turkish exporters plan to increase annual bilateral trade with Africa from $ 25 billion to $ 50 billion, Turkish President Recep Tayyip Erdogan said in Istanbul.

Turkey aims to strengthen ties and boost bilateral trade with African countries, Erdogan said on Friday, the last day of a two-day Turkey-Africa Economic and Trade Forum.

“Turkish investors have big business interests in Africa, and vice versa,” Erdogan said.

“Turkish investors have completed more than 1,500 projects worth more than $ 70 billion,” he added.

He said Turkey’s investments across the African continent are currently over $ 6 billion, and the country is also making efforts to promote Africa’s border security and counterterrorism measures.

Erdogan also said that Turkey has offered medical aid to 44 African countries to help them in their efforts to fight the Covid-19 pandemic.

Turkey’s coronavirus vaccine TurkoVac will also be shared with other countries, he said.

The summit comes after Erdogan’s recent tour of Africa.

READ MORE: Erdogan: Turkey will donate vaccines to Togo and other African countries

Doubling bilateral trade

Turkish Foreign Economic Relations Council (DEK) Nail Olpak underlined in his speech the importance of free trade agreements and reciprocal investment protection agreements, as well as enhanced cooperation in agricultural sectors. , industry, construction, textiles and health.

Speaking about Erdogan’s visit to three African countries this week, Olpak said Turkey has taken important steps to strengthen cooperation with African countries, making dozens of deals with governments and public sector companies and private in areas such as mining and energy.

Source: TRTWorld and agencies




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