Thu. Jul 25th, 2024

Turkey and Algeria have begun formal negotiations to conclude a preferential trade agreement, Turkish Trade Minister Omer Polat announced during his speech at the opening of the 55th edition of the Algiers International Fair.

Polat stressed that the goal of this agreement is to increase the volume of trade exchange between the two countries to $10 billion, noting that economic cooperation between Algeria and Turkey includes a wide range of sectors such as renewable energy, infrastructure, mining, and solar energy.

The Turkish minister added that Algeria is not only a gateway to expanding Turkey’s influence in Africa, but it is also its largest investment partner on the African continent.

Polat pointed out that the volume of trade exchange between the two countries reached $6.3 billion last year, expressing his hope that it will increase in the coming months of this year.

The Turkish Minister also announced his country’s readiness to provide all forms of support to Algerian investors in Turkey, stressing the increase in the number of flights between the two countries in accordance with the agreement signed in Ankara last May, which included lifting restrictions on mutual flights.

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