Page 354 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/14/25, 5:19 PM UAE and Turkey Strengthen Economic Relations with Non-Oil Trade Surpassing $40 Billion - UPPERNEWS: UAE news, Dubai new…
During the second session of the Joint Economic and Trade Commission (JETCO) held in Abu Dhabi, key officials
emphasized the rapid progress in trade relations following the CEPA’s implementation. His Excellency Dr. Thani bin
Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and His Excellency Ömer Bolat, Minister of Trade of the
Republic of Turkey, discussed various sectors including trade finance, investment, the green economy, and advanced
technology.

Dr. Al Zeyoudi highlighted the importance of the Joint Economic and Trade Commission, stating it is crucial for
identifying opportunities for exporters and fostering investments. He noted that the partnership, under the CEPA, has
already led to a threefold increase in bilateral non-oil trade since 2021 and expressed commitment to further
expanding this collaboration.

Minister Bolat reported that Turkish companies have completed 149 projects worth $17.7 billion in the UAE, making
the UAE the 10th most significant market globally for Turkish projects. He emphasized the importance of the UAE as
a key economic partner for Türkiye, focusing on mutual economic growth and prosperity.

Following the commission’s session, a high-level roundtable took place, allowing representatives from both nations’
leading companies to discuss investment opportunities. Dr. Al Zeyoudi remarked on the potential for increased trade
and investment, asserting that the CEPA has opened new avenues and that the private sector’s engagement is vital
for realizing these opportunities.

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