Business · Trade · 1 hr ago
Turkey and Bahrain discuss trade and investment ties
At a meeting during the 42nd COMCEC Ministerial Meeting, Turkey's trade minister met Bahrain's industry and commerce minister.
The ministers discussed ways to strengthen economic and commercial ties between the two countries.
They reaffirmed a goal of $1 billion in bilateral trade and discussed increasing trade, encouraging investment and building stronger business links.
Turkey and Bahrain also agreed on the importance of concluding a free trade agreement between Turkey and the Gulf Cooperation Council through constructive negotiations.
They said new transit routes linking Turkey and Gulf countries could support trade across the region.
Turkey says it will continue developing ties with Bahrain under the leadership of President Recep Tayyip Erdoğan and Bahrain's King Hamad bin Isa Al Khalifa.
Turkish Trade Minister Ömer Bolat met Bahrain’s Industry and Commerce Minister Fakhro during the 42nd İSEDAK Ministerial Meeting.
They discussed steps to develop economic and trade relations and identify new opportunities for cooperation.
Bolat said they emphasized raising bilateral trade to a target of $1 billion, encouraging investment and strengthening business ties.
They also agreed on the importance of concluding Turkey-Gulf Cooperation Council free trade agreement negotiations soon.
Bolat said new transit corridors linking Turkey and Gulf countries could help develop regional trade.
- Who
- Turkish Trade Minister Ömer Bolat and Bahrain’s Industry and Commerce Minister Fakhro.
- What
- They discussed economic and trade ties, investment, cooperation and regional transit corridors.
- When
- During the 42nd İSEDAK Ministerial Meeting. The meeting date is not stated.
- Where
- Not stated.
- Why
- To develop Turkey-Bahrain economic and trade relations and identify new cooperation opportunities.
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- Participants
- Ömer Bolat and Bahrain’s Industry and Commerce Minister Fakhro
- Meeting
- 42nd İSEDAK Ministerial Meeting
- Bilateral trade target
- $1 billion
- Trade agreement
- Turkey-Gulf Cooperation Council free trade agreement negotiations
- Proposed infrastructure
- New transit corridors linking Turkey and Gulf countries
What people are saying
We emphasized the importance we attach to increasing our mutual trade, encouraging investments and strengthening ties between our business communities, with a view to reaching our bilateral trade volume target of $1 billion.
We confirmed that we share the same view on concluding the free trade agreement negotiations between Turkey and the Gulf Cooperation Council as soon as possible with constructive approaches.