Turkey and UAE sign 13 agreements during Erdogan's visit to Abu Dhabi
During this meeting, Turkey and the UAE signed 13 agreements in various investment fields worth billions of dollars, as follows:
- Health and medical sciences
- Climate action
- Industry and advanced technology
- Cultural cooperation
- Agricultural cooperation
- Land and sea transport
- Comprehensive Economic Partnership Agreement Negotiations Begin
- Cooperation in the field of youth
- Cooperation in the field of disaster and emergency management
- Defense industries
A delegation-level meeting was held between the two countries, in the presence of President Erdogan and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan.
A joint statement was signed regarding the start of negotiations for the Comprehensive Economic Partnership Agreement between them, and a letter of intent regarding the start of cooperation meetings in the field of defense industries.
The Turkish president had said in a press conference held on Monday, February 14, at Ataturk Airport in Istanbul, before heading to the UAE, that cooperation between Turkey and the UAE is important for the stability of the whole region, adding that the security and stability of the Gulf states is part of his country's security, As Turkey searches for new foreign investment, the UAE faces a growing security threat from the Houthis in Yemen. "We will take the necessary steps to restore relations to the level they deserve," he added.
He also explained that relations between the two countries have entered a new phase with the visit of Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed to Ankara last November.
He pointed to Turkey's strong condemnation of the attacks on Abu Dhabi last January, stressing his country's stand against all forms of terrorism. Sheikh Mohammed bin Zayed Al Nahyan expressed his thanks and appreciation for "the friendly position of Turkey."
Turkish President Recep Tayyip Erdogan is accompanied during this visit by Foreign Minister Mevlut Cavusoglu, Interior Minister Suleyman Soylu, Finance Minister Nuruddin Nebti, Trade Minister Mehmet Muş, and a number of other ministers.
Anadolu Agency reported that President Erdogan will inaugurate the Turkish National Day at the "Expo Dubai" and meet a number of businessmen.
Turkey and the UAE concluded an agreement last month, during the Abu Dhabi Crown Prince's visit to Ankara, to exchange currencies worth nearly five billion dollars in the local currencies of the two countries.
Erdogan said that during his visit, Turkey and the UAE would seek to boost bilateral trade and search for opportunities in "the complementary structures of the two countries' economies."
Agreements between Turkey and the UAE
Turkish sources said that the two countries are expected to start formal negotiations on huge trade agreements and to sign memoranda of understanding in the areas of climate, industry, advanced technology, health, and agriculture.
These sources added that the two parties are also expected to sign a letter of intent to start cooperation meetings in the defense industry sector, as well as a memorandum of understanding on investment cooperation.
During the visit of the Crown Prince of Abu Dhabi to Turkey, a ten billion dollar fund was established to support investments in Turkey, in a move that came after the Turkish lira recorded a significant decline against the dollar since late 2021.
These agreements laid the foundations for a new and major launch of the economic and trade partnership between the two countries and doubled the volume of Emirati-Turkish trade exchange.
Turkey, which is at odds with a number of powers in the region as well as with its Western allies on various issues, has started a campaign to improve its relations since last year.
Mohammed bin Rashid and Erdogan meet at Expo 2020 Dubai
The Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, received, on Tuesday, February 15, Turkish President Recep Tayyip Erdogan, who arrived in the UAE on Monday, on an official visit, during which he will participate in his country's celebrations of its National Day in Expo 2020 Dubai.
Together, they discussed means of cooperation between the two countries, the future of the strategic partnership, and means of strengthening it in all fields, and how to reach higher levels of coordination and constructive cooperation, especially at the economic and development level, according to the Emirates News Agency (WAM).
The UAE Prime Minister also expressed his country's aspiration to "start a new phase of cooperation based on taking into account the common interests of the two friendly peoples," and stressed that "Emirati-Turkish cooperation would contribute in a positive and influential way to consolidating the foundations of security and stability in the region, which is considered a key requirement for economic development, encouragement of investments, and giving the business communities and investors the confidence needed to expand their businesses.”
On the other hand, Turkish President Recep Tayyip Erdogan affirmed his pride in his country's participation in the Expo 2020 Dubai, which he praised for its high level of organization, noting the value of the huge global event hosted by the UAE for the first time in the Middle East, Africa and South Asia.
Among what was stated in the speech of Turkish President Recep Tayyip Erdogan during his visit to Expo 2020 Dubai:
- Expo Dubai is based on the principle of uniting minds in order to influence the future in a positive way.
- I would like to thank those who hosted the Turkish Pavilion in this important exhibition.
- I congratulate the UAE for its achievement in this exhibition.