Last Updated On: May 12 2021 12:54 Gmt+3
“We will seek ways to repair the relationship with a more positive agenda with Saudi Arabia,” President Recep Tayyip Erdoğan’s Spokesperson Ibrahim Kalın said last week.
“Parallel to the developing diplomatic relations with Egypt, we want to strengthen our trade and economic ties in the coming period,” Trade Minister Mehmet Mus said on May 3.
There is plenty of room for improvement for Turkey in trade with both countries. And Turkey must try hard to achieve those gains.
“Turkey’s hard currency revenues have been significantly decreasing on the back of EU and US sanctions. Wooing Egypt and the Arab world is an attempt to loosen the noose on Ankara,” Rashad Abdo, head of the Egyptian Forum for Economic and Strategic Studies, told Al-Monitor last month.
Mining sector recovering in 2021 but freight prices may cause slowdown in Q2, says sector official Gokhan Ergocun | 04.05.2021
ISTANBUL
Turkish mining sector exports reached $1.77 billion in the first four months of 2021, jumping 40.2% year-on-year, a sector group said on Tuesday.
Exports of natural stones rose 26% to $620 million and metallic mining groups surged 63% to $630.35 million over the same period, according to a press release from the Turkish Exporters Assembly s Mining Sector Council.
Rustem Cetinkaya, the council s head, said the sector has recovered from 2020 and may even top 2019 figures this year.
But he stressed that freight prices pose a problem for Turkish exporters and could even cause a slowdown in the second quarter.
Turkey files complaint at World Trade Organisation against Saudi boycott middleeastmonitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from middleeastmonitor.com Daily Mail and Mail on Sunday newspapers.
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Pic: Shutterstock Turkish exporters have seen a noteworthy surge in exports to the United Kingdom from January to March this year following the signing of a post-Brexit free trade agreement (FTA). Exports to the UK rose by 12.7 per cent to reach $2.7 billion, making it the country’s second-biggest market in the first quarter of the year, according to statistics from the Turkish Exporters Assembly (TIM). Ankara and London inked the FTA in the last days of 2020 to support a trade partnership worth around $25 billion. The deal became effective from January 1, when the UK formally left the European Union. The current pact is expected to be expanded to include areas such as investments and services, according to a report in a Turkish newspaper.
Turkey to take Saudi Arabia to WTO over informal trade boycott ahvalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ahvalnews.com Daily Mail and Mail on Sunday newspapers.