UAE, Turkey sign deal to double non-oil trade

Описание: (3 Mar 2023)
ASSOCIATED PRESS
Dubai - 3 March 2023
1. Various of UAE Minister of State for Foreign Trade Thani bin Ahmed al-Zeyoudi (left), Turkish Minister of Trade Mohamed Mus (centre) and UAE Minister of Economy Abdullah bin Touq al-Marri (right) on stage
2. SOUNDBITE (Arabic) Abdullah bin Touq al-Marri, UAE Minister of Economy:
“Under this agreement, we will reduce or cancel custom duties on 93% of non-oil bilateral trade. This will enhance growth opportunities for bilateral trade between the two countries, to reach more than $40 billion in the next five years, compared to $19 billion now.”
3. Wide of panel
4. Close of Ahmed al-Zeyoudi talking to Mus
5. SOUNDBITE (Turkish) Mohamed Mus, Turkish Minister of Trade:
“The agreement is a comprehensive one that encompasses all areas of bilateral trade, from the trade of goods, to small and medium enterprises; from the trade of services to intellectual property. With the implementation of this agreement, we will carry our trade and economic relations to a new dimension with the United Arab Emirates, one of the Gulf economy’s key players.”
6. Various of audience
7. SOUNDBITE (Arabic) Thani bin Ahmed al-Zeyoudi, UAE Minister of State for Foreign Trade:
“In the UAE market, we’re expecting (the agreement) to create 25,000 highly skilled jobs, as well as more than 100,000 jobs in the Turkish market. We also know the real figures will exceed these numbers and this economic model”
8. Wide of end of briefing
9. Ministers shaking hands
STORYLINE:
The United Arab Emirates Minister of Economy stated Friday that the UAE and Turkey are aiming to more than double non-oil trade between the two countries in the next five years, to reach $40 billion dollars.

Speaking in Dubai, ministers from the two nations announced a new trade agreement which would reduce or cancel custom duties on 93% of non-oil bilateral trade and create tens of thousands of jobs.

The Turkish Minister for Trade Mohamed Mus said the agreement would carry trade and economic relations into a "new dimension" between the two countries.

The agreement comes as Turkey faces a massive rebuilding challenge after a series of powerful earthquakes killed tens of thousands of people.

UAE President Sheikh Mohammed bin Payed Al Nahyan was present for the signing ceremony, while Turkish President Recep Tayyip Erdogan joined via a conference call.

AP video shot by Malak Harb.

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