Egypt-Turkey economic relations witnessing unprecedented momentum

Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty on Wednesday reaffirmed that economic relations between Egypt and Turkey are currently witnessing unprecedented momentum, in light of the strategic direction of the Egyptian and Turkish leaderships to strengthen cooperation.

The minister made the remarks during his visit to the headquarters of the Union of Chambers and Commodity Exchanges of Turkey (TOBB).

During the visit, he met with the Union’s President Rifat Hisarcıklıoğlu, in the presence of a number of senior Turkish business leaders and investors. The visit was part of his official trip to the Turkish capital, Ankara.

Foreign Ministry Spokesman Ambassador Tamim Khalaf said that during the meeting, Abdelatty expressed Egypt’s appreciation for the key role played by Hisarcıklıoğlu in supporting economic and trade relations between Egypt and Turkey, stressing the importance of the historic bonds linking the two friendly peoples.

Abdelatty underlined the vital role that the business communities in both countries can play in achieving the goal set by Presidents Abdel Fattah El Sisi and Recep Tayyip Erdoğan of raising the volume of trade exchange to dlrs 15 billion within the next five years.