Turkish Forum

Tag: trade

  • Russia develops long-term ties with UAE and Turkey in a highly polarized world

    Russia develops long-term ties with UAE and Turkey in a highly polarized world

    RIA 8460564.HR

    Russia’s largest economic forum (SPIEF) held in St. Petersburg on June,14 – June, 17 has resulted in strengthening ties with the two strategic partners – the UAE and Turkey.

    UAE President Sheikh Mohamed bin Zayed Al Nahyan, while on a working visit to Russia, held a meeting with Vladimir Putin at the SPIEF.

    “I am pleased to be here today with you, your Excellency, and we wish to build on this relationship and we put our trust in you to do so,” Sheikh Mohammed told Putin.

    According to Anwar Gargash, the diplomatic adviser to the UAE president, “for the UAE, this is a “calculated risk” it is willing to take, part of the Gulf nation’s policy of de-escalation and dialogue in an increasingly polarized world”.

    “This polarization has to be broken”, – he added. “[UAE President] meets a lot of Western leaders, it is also important for him to hear from President Putin to be able also to support the international community’s collective effort, in order to go beyond the current polarization,” Gargash said.

    Meanwhile, Alexey Sazanov, Russia’s Finance Minister Deputy, said that Moscow is now seeking new opportunities to strengthen economic and trade ties with UAE, Turkey and Malaysia. Among highly debated issues is a dialogue to make double taxation agreements with these countries more flexible.

    At the beginning of 2022, the UAE Ministry of Finance announced the introduction of federal corporate income tax at a rate of 9% from June 1, 2023 for medium and large businesses. For companies with a profit that does not exceed 375,000 dirhams ($102,000) per year, the rate remains zero. The changes also did not affect charitable organizations, investment funds, state corporations and enterprises engaged in the extraction of natural resources.

    Meanwhile, Turkey received the Russia’s SPIEF delegation in Istanbul in May, 2023.

    During the meeting, SPIEF Director Alexei Valkov, Professor Ahmet Kasim Khan and IC Holding CEO Murad Bayar made presentations, discussed Russian-Turkish economic relations, strategic cooperation and investment opportunities.

    “Today, diplomatic and trade relations between Russia and Turkey reflect a long-standing friendship that persists despite the prevailing political circumstances. It is especially worth highlighting the economic potential of Russian-Turkish relations, which represents significant commercial opportunities in the market,” said Professor Ahmet Kasym Khan.

  • Israel has become bridge between Turkey, Jordan

    Israel has become bridge between Turkey, Jordan

    Israel has become bridge between Turkey, Jordan

    Quietly, over past five months, Turkish shipping has been avoiding Syrian unrest, tense borders, by docking at Haifa Port, unloading trucks laden with cargo bound for Jordan

    Lior El-Hai

    Published:  04.25.13, 20:50 / Israel News

    The relationship between Turkey and Israel had been in a downward spiral up until a few weeks ago; now it seems that at least where trade is concerned, Middle East realities trump politics.

     

    Just recently, the opposition party in Turkey attempted to embarrass its country’s prime minister, Recep Tayyip Erdogan, by revealing that a Turkish shipping company owned by his son was moving its cargo via Israel, in spite of the tensions between the two countries.

     

    Now it appears that Erdogan junior is not alone. For five months Israel has been serving as a continental bridge to Turkish loads making their way to Jordan on large trailers, as well as for Jordanian goods making their way via Israel to Turkey and to other nations.

     

    What has made Israel such an ideal mid-point is the war-like situation that continues in Turkey, plus issues at the border crossings between Turkey and Syria, and between Jordan and Syria. Prior to the outbreak of war in Syria, cargo trucks moved via Syria, continuing onto Jordan, Saudi Arabia and other Gulf nations.

     

    For the past year there has been a cut in communications between Turkey and Syria, thus trucks cannot cross between the two countries. Insurance companies have refused to insure their cargo, thus causing difficulties in the transfer of loads from Turkey to other countries.

     

    The problems along the Syrian border led to the creation of a special project, whose logistics are run by Tiran Shipping, located in Haifa. Tiran serves as an agent for shipping companies, among which is the Turkish company Sisa Shiping Lines, whose ships anchor once a week in Haifa Port.

     

    “This project began to provide a service to the Jordanian market,” said David Behrisch, Managing Partner of Tiran. The business connection currently serves only Jordanian imports and exports, due to the fact that Saudi Arabia refuses to accept trucks with cargo transferred via Israel.

     

    Currently, Turkish ships dock at Haifa Port once a week, and the intention is to raise this to twice per week. On Saturday, a ship is expected to arrive at the Israeli port carrying 60 trucks loaded with Turkish goods. On its way back, the ship will return to Turkey carrying 60 trucks laden with Jordanian agricultural exports.

     

    The Turkish trucks drive in a convoy from the Haifa Port, to the Sheikh Hussein Bridge, where they cross the border to Jordan. At times, this train of trucks can reach a half kilometer in length.

     

    “We are happy to provide our services to every customer who docks at the Port of Haifa,” a port spokesperson said.

    via Israel has become bridge between Turkey, Jordan – Israel News, Ynetnews.

  • Suriname, Turkey Sign Economic Cooperation Agreements

    Suriname, Turkey Sign Economic Cooperation Agreements

    Paramaribo, Mar 8 (Prensa Latina) The vice president of Suriname, Robert Ameerali, and Turkish Prime Minister Recep Tayyip Erdogan, signed two agreements in trade and economy issues, reported the digital website Caribbean News Now.

    surinam-turquiaA Surinamese delegation comprising representatives of 25 companies led by Ameerali arrived yesterday in Turkey pursuant to an invitation by the government of the Eurasian nation.

    The bilateral agenda includes talks aimed at strengthening political and economic relations, as well as to address various regional issues and on cooperation in the international arena.

    In press conference by the two leaders, Erdogan announced that they will soon sign three other deals on visa-exemption, promotion and reciprocal protection of investments and air transport.

    He stressed the interest of the Turkish government to strengthen ties with Latin America, adding that Surinam support is crucial to boost relations with the Caribbean Community (CARICOM).

    Meanwhile, Ameerali described this visit “a historic step” to forge closer ties with Turkey.

    “We welcome the Turkish investors wanting to do business in Suriname, and I can assure that our business delegation is seriously interested in business opportunities here,” he affirmed. On behalf of the President of Suriname, Desi Bouterse, Ameerali invited the Turkish president to visit the Caribbean nation.

    This is the highest level visit since Suriname and Turkey established diplomatic relations in 1976.

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    Modificado el ( viernes, 08 de marzo de 2013 )
  • UAE-Turkey trade up to Dh33.3 billion

    UAE-Turkey trade up to Dh33.3 billion

    Image Credit: Asghar Khan/Gulf News Archive

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    An aerial view of the Jebel Ali Port DP world (JAFZA).

    Abu Dhabi: Trade between the UAE and Turkey amounted to Dh33.3 billion ($9.1 billion) in the first eight months of 2012, which was three times the UAE’s exports to Turkey in 2011, said Shaikha Lubna Al Qasimi, minister of foreign trade at the Abu Dhabi–Turkey Business Forum in Abu Dhabi.

    Al Qasimi said that the UAE economy is expected to grow by 4 per cent this year compared to 3 per cent in 2012 and this will contribute to the success economic and trade plans with Turkey.

    Al Qasimi pointed out that the UAE has started to focus in its investments on countries in Africa and central Asia, whose economies are booming.

    Khalfan Al Kaabi, First Vice Chairman of Abu Dhabi Chamber of Commerce and Industry, called on enhancing economic and trade relations between the companies and establishments in the emirate of Abu Dhabi with their Turkish counterparts.

    via UAE-Turkey trade up to Dh33.3 billion | GulfNews.com.

  • Belarus’ Turkey Summit participation discussed in Istanbul

    Belarus’ Turkey Summit participation discussed in Istanbul

    Belarus’ Turkey Summit participation discussed in Istanbul
    01.03.2013 16:03
    MINSK, 1 March (BelTA) – Participation of a delegation from Belarus in the international summit Turkey World Trade Bridge 2013 was discussed in Istanbul on 28 February, BelTA learnt from the Embassy of Belarus in Turkey.

    The issue was considered as part of the talks held between Consul General Igor Bely and Deputy Secretary General of the Confederation of Businessmen and Industrialists of Turkey (Tuskon) Coskun Erten.

    The international summit Turkey World Trade Bridge 2013 highlighting the construction industry will be held in Istanbul in June.

    The World Trade Bridge first held by Tuskon in 2006 has gained great popularity and recognition in international business circles. For example, partaking in the 2012 Summit dedicated to the textile industry were over 1,000 businessmen from 130 countries, including private companies of Belarus, and about nearly 1,500 Turkish companies interested in developing international contacts.

    Mr Erten stressed Turkey’s interest in further development of business contacts between the two countries.

    The parties agreed to host the presentation of Belarus’ business potential at Tuscon.