Türkiye and Qatar aim to lift their bilateral trade volume to $5 billion, Trade Minister Ömer Bolat said on Monday as he hosted Qatar’s Minister of State for Foreign Trade, Ahmed bin Mohammed Al-Sayed, in Ankara.
"Türkiye-Qatar relations have truly made tremendous progress. Our total annual foreign trade increased 53-fold over the past 21 years, reaching $1.3 billion last year," Bolat told reporters after the meeting.
Trade between the two countries climbed as high as $2.5 billion during preparations for the 2022 FIFA World Cup in Qatar, largely due to construction projects, he added.
Bolat said the Trade and Economic Partnership Agreement (TEPA) between Türkiye and Qatar, which entered into force last year, would make a significant contribution to achieving the $5 billion trade target.
Turkish contractors have undertaken 206 projects worth a combined $21 billion in Qatar, he also said.
