Türkiye, Qatar target $5 billion in bilateral trade

Türkiye and Qatar aim to increase their bilateral trade volume to $5 billion, Turkish Trade Minister Ömer Bolat has said.

Bolat met with Qatar’s Minister of State for Foreign Trade, Ahmed bin Mohammed Al-Sayed, at the Trade Ministry in Ankara on Aug. 24.

“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.