UAE hopes to finalize trade deal with Turkey

The United Arab Emirates hopes to finalize a trade partnership agreement soon with Turkey in a bid to increase the trade volume, its foreign minister has said during a visit to Istanbul to hold talks with President Recep Tayyip Erdoğan and Foreign Minister Mevlüt Çavuşoğlu.

UAE's Minister for Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed paid a two-day trip to Turkey, where he exchanged views and potential economic cooperation with his host, Çavuşoğlu and Erdoğan.

The two sides discussed ways to advance bilateral cooperation and regional issues and the importance of enhancing efforts to establish peace, security and stability. Among the issues discussed were the stability of energy supplies and the worsening situation of the food markets as a result of the Russian invasion of Ukraine.

Turkey and the UAE are in the process of normalizing their ties after nearly a decade of coldness. Erdoğan and UAE's Mohammed bin Zayed exerted efforts to mend the relationship through mutual visits.

Abdullah bin Zayed stressed that Emirati-Turkish relations were steadily growing and evolving, and both leaderships were determined to establish a sustainable model of a win-win partnership.

"I hope that we can work together to finalize the trade partnership agreement between our countries, whereby we can double our trade exchanges," he said at a joint press conference with Çavuşoğlu.

He highlighted renewable energy as one of the sectors where both nations were interested in strengthening their bilateral relations. "This sector is not only successful from a commercial point of view, but is also consequential to our countries that are both working toward reducing carbon emissions in the world."

For his part,...

Continue reading on: