RIYADH: Egypt and Turkiye have agreed to work toward increasing bilateral trade volume from approximately $9 billion to $15 billion by 2028.
This includes cooperation in exploration and development activities in the hydrocarbons and mining sectors, as well as in transportation and the automotive industry.
This agreement was confirmed by Egyptian President Abdel Fattah El-Sisi and Turkish President Recep Tayyip Erdogan in Cairo during the second meeting of the High-Level Strategic Cooperation Council, co-chaired by the two heads of state.
President El-Sisi emphasized that the agreement seeks to strengthen constructive cooperation between the two countries in the coming period. He directed companies and institutions in Egypt and Turkiye to work towards achieving this goal and explore ways to enhance trade cooperation, currently valued at $9 billion. He noted that Egypt is Turkiye’s leading trading partner in Africa, and that Turkiye ranks among the top destinations for Egyptian exports.
In his remarks, El-Sisi highlighted the importance of working toward increasing trade volume to $15 billion, removing obstacles to achieving this objective, and bolstering investments as well as all aspects of economic cooperation.
