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Kuwait, Turkey Seek to Raise their Trade to $1 Billion

Kuwait, Turkey Seek to Raise their Trade to $1 Billion

Friday, 9 April, 2021 - 06:00
The Kuwaiti and Turkish Foreign Ministers hold a joint press conference in Ankara. KUNA

The Turkish Foreign Minister announced on Thursday that Turkey and Kuwait aim to increase the volume of their trade to $1 billion according to a plan set by the two countries.

Mevlut Cavusoglu was speaking after holding talks with his Kuwaiti counterpart Sheikh Ahmad Nasser Al-Mohammad Al Sabah during the second session of the joint Kuwaiti-Turkish Cooperation Committee meeting held in Ankara on Thursday.

The Kuwaiti Foreign Minister said he discussed with Cavusoglu developments in the region and the world, namely in Syria, Libya and the resumption of the Middle East peace process.

Sheikh Ahmad Nasser affirmed that both Kuwait and Turkey had expressed support for the Saudi initiative to resolve the Yemeni crisis.

During a joint press conference with his Turkish counterpart, Sheikh Ahmad Nasser affirmed that Kuwaiti-Turkish relations were marked with mutual cooperation at various levels over the past two decades.

He affirmed that Kuwait and Ankara signed six documents and memoranda of understanding, increasing the accords between them to 61.

“One of the freshly inked deals tackles cooperation for the next two years, another envisages cooperation in the coming five years,” the Kuwaiti minister said, adding that discussions with his Turkish counterpart touched on health cooperation, research and development.

The discussions have also addressed cooperation in education, culture, technology namely teaching and cyber security.

Cavusoglu disclosed that the volume of commercial exchanges between Kuwait and Turkey stood at $704 million in 2019 but dropped “a little last year,” adding that “the aim is to reach $1 billion according to a plan set by the two countries.”

The Turkish minister said Turkish companies in Kuwait have executed projects valued at $8.5 billion, noting that the firms are operating within the framework of Kuwait Vision 2035.

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