Turkey, Botswana sign economic cooperation deal

Turkey and Botswana signed on Thursday a commercial, economic and technical cooperation agreement in Ankara.

Turkey, Botswana sign economic cooperation deal

Turkey and Botswana signed on Thursday a commercial, economic and technical cooperation agreement in Ankara.

Turkish State Minister Zafer Caglayan and Botswana's Foreign Affairs & International Cooperation Minister Phandu Skelemani signed the agreement after their meeting.

"Africa's share in Turkey's foreign trade has risen to 10 percent with the African Strategy developed since 2003," Caglayan said during the signing ceremony.

Caglayan said Botswana was the strongest and most stable country in Africa, with the highest rating, and the biggest diamond producer in the world.

Share of diamond in Botswana's exports had been 70 percent, however it fell to 60 percent after the global economic crisis, Caglayan said.

Caglayan said two countries could cooperate in agriculture, agricultural irrigation, food, transportation and energy under the new agreement.

Also, Turkish businessmen would invest in Botswana, and businessmen of the two countries would cooperate and invest in other countries, he said.

"Two countries can launch negotiations on a free trade agreement, an agreement to prevent double taxation, and an agreement on investment and incentives from now on," Caglayan said.

Caglayan also said he would visit Botswana soon.

Also speaking in the ceremony, Skelemani said he thought Botswana could learn so much from Turkey, and his country wanted to be a strategic partner with Turkey.

Skelamani said his country wanted to diversify its trade, and did not want to be limited with only one product.

Botswana's minister also invited Turkish investors to his country.

Turkey's exports to Africa was 2 billion USD in 2003. It has actually risen to 10 billion USD .

Turkey's trade volume with Africa has reached from 5 to 16 billion USD between 2003 and 2010.


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Last Mod: 06 Mayıs 2010, 13:50
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