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Turkey, Qatar intend to double mutual trade turnover

Business Materials 21 April 2014 12:34 (UTC +04:00)

Baku, Azerbaijan, April 21

By Rufiz Hafizoglu - Trend:

Turkey and Qatar intend to double their mutual trade turnover, by bringing its volume up to $1.5 billion, Turkish Economy Minister Nihat Zeybekchi said, the country's Sabah newspaper reported on April 21.

Despite the close ties between Turkey and Qatar, the trade turnover between them is not at the due level, according to the minister.

Zeybekchi stressed that the bilateral trade turnover between the two countries amounted to $770 million in 2013.

The minister went to add that Turkey is ready to increase its investments in Qatar's economy and intends to make around $13.5 billion worth investment in some 117 projects in this country.

Translated by L.Z.

Edited by: S.I.

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