Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 21/10/2019 11:54 
11.10.2018 14:28 News >> Turkey, Africa Agree On Enhancing Lasting Partnership

Turkey, Africa Agree On Enhancing Lasting Partnership

Parties sign joint declaration during second edition of Turkey Africa Economic and Business Forum.

Turkey and African countries on Thursday signed a joint declaration with a view of enhancing lasting partnership between parties for development and economic integration.

According to the declaration, Turkey-Africa Economy and Business Forum emphasized diversified Turkey-Africa partnership.

The two-day forum, which started on Wednesday in Istanbul, brought together 3,000 African and Turkish businesspeople.

The forum was organized by Turkey's Trade Ministry and the African Union in coordination with Turkey's Foreign Economic Relations Board (DEIK).

Turkish side showed its willingness to further strengthen the economic and commercial ties with African countries, the declaration said.

The next forum will be held in 2020, it added.

The declaration recommended to launch a joint action plan to examine possibilities of removing tariffs and obstacles to trade while protecting "sensitive sectors" of African countries.

Private sector's activities in both sides should be supported in order to foster mutual investment and trade in each other's countries, it said.

Turkey and African Union decided to form a partnership in design, inspection, financing and management of projects to reduce energy costs and increase access to electricity, drop transport costs, boost intra-African trade, ensure water and food security and increase global connectivity.

It added that participating countries will take necessary measures to encourage Turkish and African enterprises as well as financial institutions to expand investment and participate in infrastructure projects through various means, such as Public-Private Partnership and Build-Operate-Transfer.

Mutual investments to build more diversified economies both in Turkey and in Africa will be encouraged, it said.

The declaration noted that private sector's investments in areas such as agriculture, electricity production, transmission and delivery facilities, aviation, maritime, education and health were prioritized for development of small and medium size enterprises.

The declaration called on Turkish and African financial institutions to enhance their cooperation, including opening more branches in their respective countries. -



        Latest News
Turkey Should Focus On E-Export: Expert 7 minutes ago...
Int'l trade becomes easier, faster via internet due to free shipping, secure payment, return mechanism, says expert.
Turkey: Over 4,400 Irregular Migrants Held Last Week 52 minutes ago...
Turkey is key transit point for irregular migrants aiming to cross to Europe to start new lives.
Turkey To Resume Operation If YPG/PKK Does Not Withdraw 52 minutes ago...
Turkish foreign minister reiterates Ankara has never used chemical weapons in its history.
Afghanistan: Pentagon Chief Hints At Drawdown Of Forces 7 minutes ago...
New US defense secretary makes first trip to Afghanistan amid stalled peace talks with Taliban.
US Lawmakers Call For End To Corruption In Afghanistan 7 minutes ago...
US congressional delegation led by Speaker Nancy Pelosi visits Afghanistan.

 
      Top News
UNSC To Support South Sudan Peace Agreement UNSC To Support South Sudan Peace Agreement
India: Ruling Party Leader Asks Hindus To Buy Sword Ahead Of Verdict India: Ruling Party Leader Asks Hindus To Buy Sword Ahead Of Verdict
Robotic Surgery Offers Operations Made From Distance Robotic Surgery Offers Operations Made From Distance
Super Lig: Besiktas Draw Goalless With Ankaragucu Super Lig: Besiktas Draw Goalless With Ankaragucu
Turkey: French Runner Captures Cappadocia Crown Turkey: French Runner Captures Cappadocia Crown
Academic Slams Fake Social Media Images Accusing Turkey Academic Slams Fake Social Media Images Accusing Turkey
Kashmir Dispute Among Three Parties, AJK President Says Kashmir Dispute Among Three Parties, AJK President Says
UK: House Of Commons Delays Vote On New Brexit Deal UK: House Of Commons Delays Vote On New Brexit Deal
Hezbollah Chief Supports Lebanon Gov't Amid Protests Hezbollah Chief Supports Lebanon Gov't Amid Protests
Security Top Choice Of Voter In India's Most Backward Region Security Top Choice Of Voter In India's Most Backward Region