The Turkish president stated on Friday that the Comprehensive Economic Partnership Agreement struck between the two nations will increase trade volume between Turkey and the United Arab Emirates to $25 billion in five years.
President Tayyip Erdogan, speaking via video link at the signing ceremony, emphasized that the pact marks a new chapter in the two nations’ economic and trade relations.
Erdogan stated that the 50-year Turkish-UAE relationship is built on solid foundations, adding, “Due to the agreement, the impediments to trade in goods and services will be removed, and the operations of our investors and entrepreneurs will be facilitated.”
“In this way, we will establish a stable economic bridge from Europe to North Africa, from Russia to the Gulf,” he added.
He also thanked the UAE for its assistance following the twin earthquakes in southern Turkey on February 6.
“The Turkish people will never forget the assistance provided to them,” he continued.
The magnitude 7.7 and 7.6 earthquakes that struck Turkey on February 6 killed around 45,000 people. More than 13 million people were affected by the earthquakes, which were centered in the province of Kahramanmaras and struck 11 provinces, including Hatay, Adana, Gaziantep, Diyarbakir, Adiyaman, Malatya, Kilis, Osmaniye, Elazig, and Sanliurfa.