October 30, 2023
2 mins read

UAE President Congratulates Erdogan on Turkey’s Centennial

During the call, His Highness Shiekh Mohamed conveyed his best wishes for ongoing progress and prosperity for Türkiye, its government, and people….reports Asian Lite News

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call yesterday with his Turkish counterpart Recep Tayyip Erdogan, extending his congratulations on the centennial anniversary of the Republic’s establishment.

During the call, His Highness Shiekh Mohamed conveyed his best wishes for ongoing progress and prosperity for Türkiye, its government, and people.

Sheikh Mohamed affirmed the strength of relations between the UAE and Türkiye, emphasising their mutual commitment to further reinforce these ties at all levels to meet the aspirations of the two nations for development and prosperity.

President Erdogan expressed his appreciation to His Highness for the congratulatory message, acknowledging the sincere sentiments extended towards Türkiye and its citizens. He also wished for continued progress in the UAE and for further growth and prosperity in relations between the two countries.

In 2022, non-oil bilateral trade between the two countries surged by 40 percent, reaching US$18.9 billion, firmly establishing Türkiye as one of the UAE’s top ten trading partners, accounting for over three percent of the UAE’s non-oil foreign trade.

Total Emirati investments in Türkiye reached some US$7.8 billion by the end of 2021, spanning several sectors, such as financial services, real estate, transportation, renewable energy, ports and logistical services.

With the implementation of the CEPA, customs duties on 82% of goods and products, representing more than 93% of non-oil trade, will be eliminated or reduced. Moreover, the agreement improves market access to Türkiye for UAE exporters, particularly in sectors such as construction, metals, polymers, and other manufactured goods.

The CEPA sets ambitious goals for non-oil bilateral trade, aiming to surpass US$40 billion annually within five years. It also aims to increase Emirati exports to Türkiye by 21.7 percent, while encouraging investments in key sectors such as logistical services, e-commerce, food security, and renewable energy.

Both countries play a pivotal role in facilitating international trade flows as vital economies, fostering regional progress and prosperity while advancing economic relations, including the establishment of multibillion-dollar investment funds and cooperation agreements in critical sectors, such as advanced technologies, logistical services, and partnerships to support the development of emerging e-commerce.

ALSO READ: Hunger and desperation in gaza

Previous Story

Parents in Gaza Resort to Salty Water for Children: UN

Next Story

India, EU Discuss Progress in FTA Talks

Latest from -Top News

Singapore’s Ruling Party Achieves Landslide Victory

Prime Minister Lawrence Wong, whose party won the election, thanked supporters.,..reports Asian Lite News Singapore’s ruling People’s Action Party (PAP) won 87 of the 97 seats in Parliament in Saturday’s general election,

Jaishankar, Lavrov Discuss Pahalgam Terror Attack

Both the Ministers discussed issues of Russian-Indian cooperation and the aggravation of India-Pakistan relations following the terrorist attack in Pahalgam. External Affairs Minister (EAM) S. Jaishankar spoke to the Russian Foreign Minister

Ukrainian forces to join VE  procession  

Ukrainian personnel will join around 1,000 UK armed forces members, including soldiers on horseback and military bands, to symbolise “the global support for their continued fight for freedom” against Russia  krainian armed

Rajnath Singh to skip Russia visit

The decision comes amid rising tensions between India and Pakistan following the recent terror attack in Pahalgam, Jammu and Kashmir…reports Asian Lite News Defence Minister Rajnath Singh will not likely attend Russia’s

WAVES 2025: Jaishankar Advocates Cultural Pluralism

External Affairs Minister S. Jaishankar delivered a powerful address at the WAVES 2025 Global Media Dialogue, highlighting the significance of cultural pluralism in shaping global change. Speaking on the second day of
Go toTop

Don't Miss

UAE’s Big FDI Goal: Dh2.2T by 2031

The strategy, aligned with the “We the UAE 2031” vision,

Erdogan Struggles To Shore Up Lira

Turkish President Recep Tayyip Erdogan unveiled a new package of