Joint Economic Committee Meeting Between UAE and Turkey to be Held in Ankara

Government

Joint Economic Committee Meeting Between UAE and Turkey to be Held in Ankara

H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economic situation, will certainly lead a top-level financial delegation from the UAE to the Republic of Turkey to participate in a collection of conferences for 2 days for the 9th session of the Joint Economic Board (JEC) in between the two countries. The meetings will be kept in the Turkish funding of Ankara from February 6 to 7, 2017, and will be chaired by the UAE Minister of Economic situation and Deputy Prime Minister of Turkey Mehmet imek.

Eng. Mohammed Ahmed bin Abdul Aziz Al Shehhi, the UAE Ministry of Economic climate's Undersecretary for Economic Matters, and Husnu Dilemre, the Performing Deputy Undersecretary of Turkey's Ministry of Economic climate, will certainly lead the technical and primary meeting prior to the JEC pastoral conference in the presence of Khalifa Shaheen Al Marar, UAE Ambassador to the Republic of Turkey, along with a number of senior representatives and government reps of both nations.

The meeting's schedule will include a discussion on creating cooperative agreements in a variety of important locations, particularly the development of bilateral trade and the creation of a cooperative design for knowledge exchange in the locations of innovation and tiny and moderate enterprises (SMEs). The session likewise seeks to highlight financial investment possibilities in the tourist, hospitality, food, transportation, renewable resource, health, and financial services sectors. It will go over methods to boost cooperation in the field of civil aviation too.

H.E. Al Mansoori, UAE Minister of Economic situation, said that development possibilities for UAE-Turkey relations have not been totally checked out, adding that the resumption of the JEC between the two countries is a positive step towards progressing the level of economic and trade relationships between the two countries.

He noted that innovation, SMEs and entrepreneurship are locations that hold many possibilities for cooperation and the exchange of know-how as well as the facility of collaborations at both the federal government and private sector levels. He included that the UAE is extremely interested in further developing locations of collaboration and producing brand-new financial investment chances in civil aviation as the field has a straight effect on trade and tourist circulations.

The UAE Minister highlighted the several success of the Turkish economic situation and its outstanding worldwide online reputation in the commercial market, which he described as a crucial gateway to broaden teamwork in between both countries through the exchange of knowledge and expertise according to the UAE's vision of establishing a very innovative commercial base that includes value to the nationwide economic situation.

He also emphasized the Turkish market's significance for UAE products and exports, as well as Turkey's being an accessibility route to numerous European and Oriental markets, much like just how the UAE provides a calculated web link in between the East and the West. He claimed that this presents appealing possibilities for their joint financial and trade relationships to broaden to more comprehensive markets in the future.

The trade volume in between the UAE and Turkey has actually substantially raised recently, with bilateral non-oil foreign trade inclusive of totally free zone activities getting to USD 7.4 billion by the end of 2015. Turkey was the UAE's 15th most significant global trade partner, sixth largest importer and 13th top merchant for the same year.