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November 2018
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Thursday, 11 October 2018 15:00

Turkey-Africa economic relations enter a golden era

Turkey-Africa economic relations enter a golden era

Turkey aims to push Turkish-African relations to the next level despite global protectionist winds, Trade Minister of Turkey Ruhsar Pekcan said at the Second Turkey-Africa Economic and Business Forum in Istanbul on Wednesday, Caspian Energy News (www.caspianenergy.net) reports with reference to the official website of AK Parti (The Justice and Development Party).  

“Turkey and Africa’s economic relations entered a golden era with Turkey's outreach to Africa that started in 2003”, Ruhsar Pekcan said.

Over the last 15 years, Turkey's trade volume with Africa quadrupled from $5 billion to over $20 billion, she added.  In this period, Turkey’s exports to Africa rose from $2.1 billion to $11.7 billion, and its imports rose from $3.3 billion to $8.9 billion, she explained.

“Turkish investments in Africa exceeded $6.2 billion, and Turkishcompanies offer employment opportunities for hundreds of thousands of people on the continent,” Pekcan said.

Over the last 15 years Turkish contractors have also undertaken hundreds of projects worth $55 billion, she said.

“In other words, over these 15 years our private sector discovered the continent again,” she added.

More details: http://www.akparti.org.tr/english/haberler/turkeys-trade-volume-with-africa-quadrupled-from-5-billion-to-over-20-billi/104781#1

Person in charge of the newsline: Olga Nagiyeva 

 

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