Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Africa-Turkey economic forum to promote trade, investment: Envoy

by DAILY SABAH WITH AA

ANKARA Oct 06, 2021 - 9:32 am GMT+3
Ankara's Ambassador to Ethiopia and the African Union Yaprak Alp (L) and the African Union's Commissioner for Economic Development Trade, Industry and Mining Albert Muchanga sign agreements in Addis Ababa, Ethiopia, Oct. 5, 2021 (AA Photo)
Ankara's Ambassador to Ethiopia and the African Union Yaprak Alp (L) and the African Union's Commissioner for Economic Development Trade, Industry and Mining Albert Muchanga sign agreements in Addis Ababa, Ethiopia, Oct. 5, 2021 (AA Photo)
by DAILY SABAH WITH AA Oct 06, 2021 9:32 am
RECOMMENDED
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on Feb. 1, 2023. (AFP Photo)

US fed slows rate hike pace but expects increases against inflation

Federal-Reserve

The upcoming Africa-Turkey Economic and Business Forum in Istanbul will boost trade and investment between Ethiopia and Turkey, Ankara's Ambassador to Ethiopia and the African Union (AU) Yaprak Alp said on Tuesday.

Alp made the remarks during the signing of a framework agreement between Turkey and the AU to organize and manage the third Turkey-Africa Economic and Business Forum on Oct. 21-22.

The agreement was signed by Alp and the AU's Commissioner for Economic Development Trade, Industry and Mining Albert Muchanga.

The forum has been organized since 2016 and this year's meeting will be held under the theme "Deepening Turkey-Africa Partnership: Trade, Investment, and Technology & Logistics."

During the signing of the agreement at the AU's headquarters in the Ethiopian capital of Addis Ababa, Alp told Anadolu Agency (AA) that Turkey maintains a variety of long-standing relations with Africa.

"But the issue of economy and trade is the most important part of our relationship with Africa," she said, adding that the meeting will be a huge gathering of more than 30 African ministers and businesspeople from the continent and Turkey.

"The forum which has been taking place since 2016, made business-to-business and government-to-business engagements and has contributed to an increased flow of investment and business between Turkey and Africa."

Muchanga said the forum will showcase diverse African participation.

"The forum is a cooperation between Africa and Turkey and it is government-driven," he said. "But it is to be very inclusive. We will bring civil society and business people, ministers from Africa and the AU will also participate.''

He added that the goal of the meeting is to "promote and increase trade and investment between Africa and Turkey and the forum which begun in 2016 and contributed to the growth of trade between the two sides."

Shedding its one-dimensional approach to foreign policy that it followed for decades, which was shaped by its relations with the West, Turkey has shifted direction and pursued a more diversified, multidimensional and independent foreign policy since the end of the Cold War. Turkey has opened up to Africa, stemming from an action plan adopted in 1998 that took shape in 2005, which Ankara had declared the "Year of Africa." Turkey was accorded observer status by the AU the same year.

In a reciprocal move, the AU declared Turkey its strategic partner in 2008, and relations between Africa and Turkey gained momentum when the first Turkey-Africa Partnership Summit was held in the commercial capital Istanbul with the participation of representatives from 50 African countries that year.

In 2009, there were only 12 Turkish embassies in African countries, with five of them in North Africa. Now, there are 43. Turkish Airlines has flights to 60 different destinations in 39 countries on the continent while the Turkish International Cooperation and Development Agency (TIKA) has nearly 30 coordination centers. Turkey's Foreign Economic Relations Board (DEIK) has joint business councils with more than half of Africa's countries.

RECOMMENDED
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on Feb. 1, 2023. (AFP Photo)

US fed slows rate hike pace but expects increases against inflation

Federal-Reserve
  • shortlink copied
  • Last Update: Oct 06, 2021 10:44 am
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    turkey-africa relations african union thy deİk
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    For the European Union, Cyprus is an instrument to hold Türkiye politically hostage. (Erhan Yalvaç Illustration)

    How to create a united state in Cyprus?

    CYPRUS-ISSUE
    Türkiye's main battle tank Altay is seen in this file photo, Nov. 15, 2012. (Photo by Mesut Er)

    Türkiye inks $200M deal with S.Korean firm for parts of MBT Altay

    altay-tank

    South Korea's KEPCO submits bid to build nuclear plant in Türkiye

    NUCLEAR-ENERGY

    Religion not included in NATO deal with Türkiye: Swedish FM

    TÜRKIYE-SWEDEN-RELATIONS
    No Image
    Devastation, power outages in aftermath of Hurricane Ida
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021