Economic and trade partnership agreement between Turkey and Qatar

Economic and trade partnership agreement between Turkey and Qatar

Turkey’s Trade Minister Ruhsar Pekcan and Qatar’s Economy and Commerce Minister Sheikh Ahmed bin Jassim bin Mohammed Al Thani -who is on an official visit to Turkey together with the members of his accompanying trade delegation- signed a commercial and economic partnership agreement on Tuesday, in the Turkish capital Ankara.

Addressing attendees of the ceremony, Turkish minister Pekcan said: “Two countries signed a special agreement to cement two countries’ friendship and economic relations.”

This comprehensive and unique partnership agreement aims at expanding and boosting bilateral co-operation in a wide-range of sectors -namely telecommunications and financial services- between the two friendly countries. According to the peninsulaqatar.com, apart from enhancing economic relations and reducing costs especially in petroleum products and natural gas, “The landmark agreement is expected to raise the rates of economic growth, productive efficiency and investment flows in both countries significantly.”

It also targets to narrow Turkey’s current account deficit and attract Qatari capital, Anadolu news agency adds while for the peninsular Arab country, this is the first of its kind signed with a business partner….. / IBNA