• World - Asia
  • Updated: May 31, 2023

UAE, Turkey Ratify Partnership Agreement To Boost Bilateral Trade

UAE, Turkey Ratify Partnership Agreement To Boost Bilateral

Containers are seen at the Mersin International Port in the southern province of Mersin (AA Photo)

The United Arab Emirates (UAE) and Turkey have ratified a comprehensive partnership agreement, signalling a new era of cooperation between the two countries.

Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, on Wednesday, expressed optimism about the deal, stating that it would propel bilateral non-oil trade beyond $40 billion in the next five years.

This agreement marks a significant milestone in the long-standing friendship between the UAE and Turkey and sets the stage for enhanced economic collaboration.

The thaw in relations between Turkey and the Arab world is gaining momentum, with efforts to strengthen ties extending to regional powers such as Egypt and Saudi Arabia.

Turkish President Recep Erdoğan has emphasized the importance of maximizing cooperation with Egypt and other Gulf nations based on mutual benefits.

This diplomatic push comes after years of strained relations and aims to mend fences and foster a win-win partnership.

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