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Economy minister, Turkish Counterpart discuss economic cooperation

posted on 06/03/2013: 7773 views



Sultan bin Saeed Al Mansouri, Minister of Economy and his Turkish counterpart, Zafer Caglayan have discussed ways to promote economic relations between the two countries.

They also followed up the progress in projects and the recommendations of the Joint economic committee meeting last year during a call on here.

Al Mansouri stressed the depth of cultural bonds between the two countries, which can be beneficial in enhancing and cementing the bilateral stable economic relations. He referred to the volume of the non-oil trade exchange between the two countries, which stood at US$ 3.6 billion in 2011, expressing his hope to increase the investments and trade exchange to take advantage of the enormous potentials in the sector.

He stressed the need to directly implement some joint economic initiatives, that will contribute to increase trade and investment between the UAE and Turkey.

He also underlined the importance for providing all the support and facilities to Turkish companies in the UAE markets, pointing out the strategic and vital location of UAE, which makes it an important commercial hub fitting the needs of Turkish companies who are wishing to enter the markets of the region and access to the regional and new markets.

For his part, the Turkish minister expresses his country's desire to enhance economic relations and translating them on the ground for the benefit of the two sides. He called on the UAE companies to take advantage of the rich investment opportunities particularly in the energy and transport sector, in which the investments of the Turkish Government will exceed to US $ 250 billion in the next few years. – Emirates News Agency, WAM

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