Turkish, Bahraini investment agencies sign deal

Chairmen of Turkish and Bahraini investment agencies have signed a memorandum of understanding.

Turkish, Bahraini investment agencies sign deal

Turkish Prime Minister Recep Tayyip Erdogan said that a permanent stability could be reached only by ensuring peace, prosperity, security and wellbeing of people.

Prime Minister Erdogan met with Crown Prince Al Khalifa of Bahrain, who is currently in Ankara on an official visit.

Erdogan said at a joint news conference following the meeting that Turkey's political, military, economic, commercial and cultural relations with Bahrain had been further improving day by day.

"Earlier today, chairmen of Turkish and Bahraini investment agencies have signed a memorandum of understanding. Meanwhile, Crown Prince Al Khalifa and I have agreed to strengthen our political dialogue," he said.

Referring to commercial relations between the two countries, Prime Minister Erdogan said that Turkey-Bahrain trade volume rose to 244 million USD in 2010 from 150 million USD in 2009. "We aim at taking some steps to increase our trade volume in parallel with our excellent political relations," he said.

"Recent developments in our region were also high on agenda of our meeting. We expressed our sorrow over loss of lives in neighboring countries. A permanent stability could be reached only by ensuring peace, prosperity, security and wellbeing of people. And the only way of this is to respect people's fundamental rights and freedoms. Crown Prince Al Khalifa and I highlighted importance of democratization and reforms once again," he told reporters.

Prime Minister Erdogan told reporters that they also exchanged views over developments in the the Middle East peace process, Lebanon, Iraq, Afghanistan and Iran.

Replying to a question, Prime Minister Erdogan said that a date had not been set for his visit to Iraq.

"Bahraini banks should open branches in Turkey"

Al Khalifa said that he did not think the incidents in Egypt and Tunisia would spread to other Arab countries.

Al Khalifa said the incidents in Egypt and Tunisia were separate from each other, and expressed thought that those incidents would not spread to other Arab countries.

The duty of leaders in Arab and other countries was to respond to the demands of their nations including respect, freedom of life, participation in decision-making mechanism
and justice, Al Khalifa told the joint press conference.

Al Khalifa said global economic crisis had shaken countries, and the nations mainly demanded the administrators to make economic reforms, ensure transparency in competition and restore social justice.

Every country had special characteristics, and the reasons and possible solution of incidents in Egypt and Tunisia were different, Al Khalifa said.

Al Khalifa said he did not think those incidents would have a domino effect, however nobody should ignore the humanitarian and global realities, which was to convince nations that they were living in a secure and just atmosphere.

On Turkish-Bahraini relations, Al Khalifa said two countries could cooperate particularly in contracting, food safety and services.

Al Khalifa said there were ten Turkish banks in Bahrain, and Bahraini banks should also have branches in Istanbul and Ankara.

Agencies

 

Last Mod: 09 Şubat 2011, 11:34
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