Qatar Chamber (QC) participated in a joint meeting between Arab and Turkish chambers, as well as the board of directors meeting of Turkish Arab Chamber of Commerce. The meetings were held in Beirut, in aim to promote Turkish-Arab economic and trade relations.
QC Director General Saleh bin Hamad Al Sharqi said the two meetings focused on the need to raise the Arab-Turkish cooperation relations to desired levels.
He added that the trade volume between the Arab countries and Turkey recently saw growth, reaching nearly $50bn annually, however it is still inconsistent with the great potential of both sides.
He said this needs activation of joint cooperation, establishing partnerships and trade and investment alliances that contribute to increasing mutual trade between Arab countries and the Republic of Turkey.
Al Sharqi said QC supports all that contributes to increasing mutual trade between both countries, and proposed to host the Arab and Turkish chambers meeting which will be held after the next meeting in Algeria. He added that the participating delegations welcomed the proposals, valuing Qatar’s role in promoting trade relations between Arab countries and Turkey.
During the joint meeting, President of the Union of Turkish Chambers and Commodity Exchanges Rifat Hisarcikli Oglu said the Arab world and Turkey have great potentials that have not yet been exploited.
He call for multiplying efforts in order to increase the trade volume to an acceptable number through establishing Arab-Turkish economic alliance, creating an electronic link to enhance trade exchanges and forming an arbitration committee comprising representatives from the Arab and Turkish chambers to review contracts and settle trade disputes.
Oglu highlighted the importance of neutralizing economic cooperation from any political differences between countries, saying that industrial exports accounted for 92 percent of the total Turkish exports, half of which are exported to Europe at the moment.