UAE, Turkey sign economic partnership agreement

(MENAFN) The United Arab Emirates and Turkey have signed a Comprehensive Economic Partnership Agreement that seeks to achieve strategic goals, primarily increasing bilateral trade volume. The United Arab Emirates’ media office stated on Twitter that the deal would create a promising atmosphere that encourages fruitful cooperation in the business world, benefiting both countries' people and economies. The agreement was signed on Friday, and Turkish President Recep Tayyip Erdogan predicted that the trade volume between the two countries would reach $25 billion in five years, thanks to this new deal.

In his remarks at the signing ceremony, United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan expressed his satisfaction with the agreement, stating that it builds on the two countries' longstanding ties and would deliver further growth, opportunity, and stability for their countries and people.

The UAE and Turkey have enjoyed robust economic ties for many years, and this agreement is expected to deepen and strengthen their trade relationship further. With this deal, both nations can expect to expand their commercial ties and increase their economic collaboration, ultimately leading to greater prosperity for their people. Additionally, the agreement is expected to enhance their respective positions in regional and global markets, positioning them for greater success in the years to come.

Overall, this partnership agreement is a significant development in the relationship between the United Arab Emirates and Turkey, paving the way for greater economic cooperation and opening up new opportunities for both nations.

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