Türkiye-UAE hold first Joint Economic and Trade Committee meeting

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Türkiye

Türkiye-UAE hold first Joint Economic and Trade Committee meeting

Turkiye and the United Arab Emirates have signed a memorandum of understanding, seeking to boost co-operation in various areas such as construction, energy, tourism and transportation. The First Term Joint Economic and Trade Committee meeting has been held in Istanbul as the two countries seek a trade volume target of 20 billion dollars. The meeting comes after the sides inked several deals estimated to be worth more than 50 billion dollars in July, on Turkish President Recep Tayyip Erdogan visit to Abu Dhabi. Pointing to their brotherly ties, Turkish Trade Minister Omer Bolat said bilateral trade has already exceeded last year's levels in the first nine months of 2023, despite challenges in the global economy.