Emirati minister: Turkey-UAE economic ties growing stronger

Mohammed bin Zayed (MBZ) Abu Dhabi’s Crown Prince is expected to pay an official visit to Turkey on Wednesday at the invitation of President Recep Tayyip Erdoğan.

 

Economic ties between the United Arab Emirates (UAE) and Turkey are growing stronger day by day. It will offer great opportunities to establish new partnerships in different fields, especially trade and investment. The Emirati economy minister said Tuesday.

 

The UAE’s official news agency WAM reported that Abdulla bin Touq al-Mari held a bilateral meeting with Turkish Trade Minister Mehmet Muş. Following a meeting of the Turkey-UAE Joint Economic Commission meeting in Dubai.

 

UAE and Turkey are connected by strong partnerships in almost all fields of economy, trade, and investment. Abdulla bin Touq al-Mari  said, adding: “Today, we are starting a new era in sustainable economic partnership between the two countries.”

 

Last year trade volume between the two countries increased by 21% last year compared to 2019 despite the COVID-19 pandemic. According to WAM Doubling in the first half of 2021 compared to the same period of the previous year.

 

An agreement was made in the joint commission on a working plan. Which aimed at diversifying non-oil trade and increasing trade volume.

 

That meeting was attended by Muş, as well as UAE’s Minister of State for Foreign Trade Thani Al Zeyoudi, who drew attention to the strategic position of both nations.

Stating that Turkey is an important market that enables Emirati products to reach Europe and some Asian countries. While the UAE links Turkish goods with the Middle East as well as Asian and African countries.

In light of the current economic developments and projects in the UAE, Al Zeyoudi invited Turkish companies to take benefit of those opportunities.

UAE is improving its relationship with lots of countries right now.

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