Trade Minister Mehmet Muş spoke at the Turkey-Nigeria Business Forum
TR MINISTRY OF COMMERCE
The Turkey-Nigeria Business Forum was held in Abuja, the capital of Nigeria, in cooperation with the Foreign Economic Relations Board (DEIK) Turkey-Nigeria Business Council and the Nigerian Federation of Chambers of Commerce and Industry.
Trade Minister Muş, Nigerian Trade, Industry and Investment Minister Otunba Niyi Adebayo, DEİK President Nail Olpak as well as many business people attended the forum.
In his speech here, Minister Muş noted that the economic relations with the African continent have developed rapidly since the "Development of Commercial and Economic Relations with African Countries Strategies" were put into use in 2003, and said, "In 2023, the trade volume between Turkey and Africa will reach the level of 5.4 billion dollars, 2020. When it came to Turkey, it reached $25.3 billion.” said.
Explaining that Turkey's exports to Africa increased from 2 billion dollars to 15 billion dollars, Muş said that imports increased from 3 billion dollars to 10 billion dollars.
Minister Muş stated that since the beginning of Turkey's strategy towards Africa, many high-level visits have been made to the continent and many high-level visits have been made from Africa, adding, "These close contacts between our countries have made a significant contribution to the development of our relations with the continent." used the phrase.
- "Today we started to reap the fruits of our efforts"
Stating that at the end of 18 years, the market value of their investments in Africa exceeded 6 billion dollars, the size of the projects undertaken by Turkish contractors across the continent exceeded 77 billion dollars cumulatively, Muş said, "Today, we started to reap the fruits of our efforts." he said.
Pointing out that Turkish Airlines has flights to 58 destinations across the continent, Muş stated that they want to develop cooperation in every field on the basis of the "win-win" principle and equal partnership in the future.
- Nigeria is Turkey's largest partner among Sub-Saharan African countries
Noting that Nigeria is Turkey's sixth largest trade partner in the African continent and the first among Sub-Saharan African countries, Minister Muş said, "We are pleased with the level our bilateral trade has reached. However, I think that an important potential that can be evaluated is still idle." made its assessment.
Mentioning that Nigeria's efforts to diversify its economy reveal new cooperation opportunities for the business worlds of the two countries, Muş said that there are significant cooperation opportunities especially in areas such as technology products, construction materials, pharmaceuticals, agricultural product processing and food, defense and aerospace industries.