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May 2, 1446
September 8, 2024 AD
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At the end of July last year, the first round of negotiations on signing the agreement between Türkiye and the Gulf Cooperation Council countries began protocol Free trade. According to the agency, the second round is expected to be completed by the end of 2024 "Anatolia" Türkiye said the implementation of the agreement being negotiated allows the establishment of… "One of the largest regions Business Freedom in the world".
According to the agency, "Ankara aims to increase exports of goods in many sectors, especially agriculture, technology and industrial products. The GCC countries aim to invest in food, logistics, transportation, pharmaceuticals, hospital management, infrastructure and technology.".
The GCC countries have significantly restored relations with Turkey over the past year following the earthquake disaster in southern Turkey that killed more than 50,000 people and Recep Tayyip Erdogan’s re-election to a new term, in addition to other bilateral reasons between these countries, the result of each side supporting the other in regional conflicts.
Bekir Atacan, director of the Istanbul Institute of Thought, said in a statement to the Al-Hurra website that Turkey’s relations with the GCC countries have always been good, although they have been cold from time to time due to many internal and external factors.
That’s why it’s not surprising that Türkiye is seeking a conclusion protocol Free trade with the Gulf states, noting "Trade relations between Türkiye and the Gulf countries will gain more momentum in various other areas".
According to the UAE’s official news agency, Erdogan signed strategic memoranda and agreements worth $50.7 billion during his visit to the UAE to strengthen economic and investment cooperation between the two countries. "loan"Prior to this, Saudi Arabia deposited about $5 billion into the Turkish Central Bank in March 2023, and later that year Riyadh also signed an implementation plan for defense cooperation between the two countries, as well as two acquisition contracts between the Saudi Ministry of Defense and a company. "Pekka" According to the official Saudi Press Agency (SPA), Turkish Defense Industries Corporation.
is considered to be "Atlantic Council"The nonpartisan research group, based in Washington, D.C., said in a report published nearly a year ago that "The main reasons for Turkey’s renewed interest in strengthening ties with the Gulf states are to attract capital inflows and preserve Erdogan’s legacy as a leader who delivered economic growth over the past two decades.".
The report, which follows Erdogan’s trip to the Gulf, added: "Gulf countries are also looking to strengthen their presence in Turkey as the GCC countries accounted for 7.1% of foreign direct investment since 2020, and this figure is likely to double in the coming years by prioritizing investments in the energy, defense, financial, retail and transportation sectors.".
He pointed out "Atlantic Council"until "Joint defense manufacturing between Turkey and the Gulf states, including the Baykar Akinci and TB2 drones, could help develop the relationship beyond the economic sphere."This was confirmed by analysts during the conversation, as Artagan said: "It can be said that strengthening trade and economic relations will also greatly strengthen political and military relations.".
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