News
Show news feed

Turkish President Tayyip Erdogan has advertised his country's investment advantages to United Arab Emirates business circles after signing a series of agreements between the two countries, Reuters reported.

The move to rein in fierce regional rivalries rooted in disagreements over the role of political Islam in the region came after Ankara changed policy last year during Turkey's economic turmoil and the UAE switched to a policy of soft power.

"Our mutual goal is to carry our bilateral relations to much higher levels in all areas," Erdogan told during a business event. "Turkey provides very important advantages for investors looking for alternatives to Asia-centred production areas," he added.

The UAE and Turkey have signed a joint statement to start negotiations on a bilateral trade and investment deal, as well as a number of agreements, including on defence.

"The UAE sees economic and developmental cooperation ... as a key tool in wisely managing various issues to rid our region of continuous escalation," Anwar Gargash, diplomatic adviser to the UAE president, said in a Twitter post on Erdogan's visit.

 

!
This text available in   Հայերեն and Русский
Print
Read more:
All