Turkey and Djibouti sign new trade deal

Tuesday, April 22, 2014

Turkey's Foreign Economic Relations Board and the Djiboutian Chamber of Commerce signed a trade deal Tuesday in Istanbul to enhance ties between the private sectors of the countries.

Turkey's Foreign Economic Relations Board and the Djiboutian Chamber of Commerce signed a trade deal Tuesday in Istanbul to enhance ties between the private sectors of the countries.

ISTANBUL - Turkey's Foreign Economic Relations Board and the Djiboutian Chamber of Commerce signed a trade deal Tuesday in Istanbul to enhance ties between the private sectors of the countries.

Turkey's ambassador to Djibouti Hasan Yavuz at the signing said "our current trade volume with Djibouti is more than US$70 million. Turkish Airlines makes four flights per week to Djibouti. And currently, more than 15 Turkish companies and around 300 Turkish citizens are present in the country. Our goal is to make the trade volume reach US$150 million by the end of 2014." 

Also attending the signing, Djiboutian ambassador to Turkey Aden Hussein Abdillahi said that a number of agreements had been made between Turkey and Djibouti in the last two years with a lot more opportunities available for Turkish investors. 

Turkey's diplomatic relations with Djibouti, Africa's third smallest country, started last year as part of Turkey's aim of enhancing economic, political and trade ties with the continent.

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