Turkey, Africa boost business ties

Turkey is aiming to increase trade with the African continent to $50 billion by 2013. In order to achieve this, Turkey has started to draw up strategic economic partnership policies with a number of Africa countries, where the opportunity and potential rate of growth is seen to be much higher in trade volume.

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Turkey seeking more export opportunities and is looking to diversify its trade markets to further strengthen its economy. Over the past few years, Turkey and Africa has experienced a positive growth in trade volume between the countries, evident as the value of this rose from $5.4 billion in 2003 to $17 billion in 2008.

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On the 20th of February, President Abdullah Gul visited Kenya and then proceeded on to Tanzania. He was accompanied by more than 120 businessmen that represented Turkey’s effort in boosting trade relations with Africa. Turkish Presidents official three-day trip was his first to sub-Saharan nations.

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