The Turkish Minister of Commerce broadcasts negotiations with Algeria concerning a preferential commerce settlement

Algeria – Turkish Commerce Minister Omar Bolat introduced that his nation and Algeria will quickly start negotiations to conclude a preferential commerce settlement.

The Minister of Commerce stated in a speech through the opening of the fifty fifth version of the Algiers Worldwide Truthful, yesterday, Monday, with the participation of about 700 nationwide and overseas exhibitors from 20 international locations, that Turkey and Algeria are taking agency steps in the direction of reaching the aim of $10 billion within the quantity of bilateral commerce change.

He said that the quantity of commerce change with Algeria amounted to $6.3 billion final 12 months, expressing his hope that the upward pattern will enhance within the coming months of this 12 months.

He added, “Algeria just isn’t solely Turkey’s gateway to Africa, however additionally it is its largest funding companion in Africa.”

He careworn that “the quantity of Turkish investments in Algeria exceeded 6 billion {dollars}, and aside from oil and pure fuel, Turkey makes the biggest quantity of investments and gives the biggest quantity of job alternatives in Algeria.”

The minister expressed his nation’s readiness to supply all types of assist to Algerian buyers in Turkey, noting that they are going to proceed to work to extend cooperation and investments within the fields of renewable vitality, water infrastructure, mining, photo voltaic vitality, and hydrocarbons.

Polat said that, in accordance with the settlement signed between the 2 international locations in Ankara on Could 7, mutual flight restrictions had been lifted and flights elevated from 35 to 80 flights per week.

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Supply: Anatolia

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2024-06-25 21:19:16

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