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Turkey eyes to increase trade turnover with Qatar

Business Materials 17 January 2018 15:36 (UTC +04:00)

Baku, Azerbaijan, Jan. 17

By Rufiz Hafizoglu – Trend:

Turkey intends to increase trade turnover with Qatar, the Turkish Ministry of Customs and Trade told Trend Jan. 17.

The trade turnover between Turkey and Qatar amounted to $784 million in 2015, $687 million in 2016 and $788 million in 2017, the ministry said.

Both countries have a great potential for increasing trade turnover.

"Qatar and Turkey also have many opportunities to make investments in various sectors of other countries' economies," the ministry said.

A delegation of Turkish businessmen visited Qatar on Jan. 15-17 to discuss new joint projects as well as investment opportunities.

Turkish firms are implementing projects worth $11.6 billion in Qatar.

Also Qatar ranks 19th among the countries that directly invest in the Turkish economy.

(3.8219 TL = $1 on Jan. 17)

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Follow the author on Twitter: @rhafizoglu

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