Economy

'Turkish exporters aiming for $50B annual trade with Africa'

Dozens of deals signed during President Erdogan's visit to Africa this week, says head of Turkish exporters group

Ugur Aslanhan and Mehmet Fatih Erdogdu   | 22.10.2021
'Turkish exporters aiming for $50B annual trade with Africa'

ISTANBUL

Turkish exporters are aiming to increase annual bilateral trade with Africa from $25 billion to $50 billion, the head of the Turkish Exporters’ Assembly (TIM) said on Friday.

Free trade deals and reciprocal investment protection agreements, along with enhanced cooperation in agriculture, industry, construction, textile, and health sectors are essential in this regard, Nail Olpak said on the last day of the two-day Turkey-Africa Economic and Business Forum in Istanbul.

Speaking about President Recep Tayyip Erdogan’s visit to three African countries this week, Olpak said Turkey has taken important steps to boost cooperation with African nations, striking dozens of deals with governments and public and private sector firms in fields such as mining and energy.


* Writing by Gokhan Ergocun​​​​​​​

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