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Tugay Tuncer, Ambassador of the Republic of Türkiye to the UAE, said the
total value of bilateral trade has reached $7.9 billion, with a 23 per cent rise in
exports and a significant 147 per cent increase in imports. This rapid growth
has set a record, positioning Türkiye as one of the top five trading partners of
the UAE and UAE becoming the leading trading partner of Türkiye within the
GCC, he said.

“Building on this positive momentum, we anticipate doubling our trade volume
in the very near future. Furthermore, we are pleased to announce that the
Joint Economic and Trade Committee will convene in Istanbul at the end of
this month, accompanied by a Business Forum. We view these events as
important milestones for launching tangible projects and fostering further
economic cooperation,” Tugay Tuncer told Khaleej Times during an exclusive
interview.

17
The Comprehensive Economic Partnership Agreement (CEPA) has been in
effect since September 1, 2023. Last year, our bilateral trade, excluding re-
export figures, reached $10 billion, marking a 25 per cent growth compared to
the previous year. It is worth noting that, according to UAE data, the trade
volume between our countries stood at $14 billion in 2022, including re-
exports.

https://www.khaleejtimes.com/supplements/uae-and-turkiye-elevating-relations-to-the-level-of-a-
strategic-partnership