Society, Politics, and Economy in Modern Turkey: Sociology of Turkey - Maintained by Tugrul Keskin
We are at a point in our work when we can no longer ignore empires and the imperial context in our studies. (p. 5)
― Edward W. Said, Culture and Imperialism

Saturday, January 24, 2015

Turkey keen to increase trade volume with Ethiopia

By Tinishu Solomon 

The Africa Report - Friday, 23 January 2015

Turkey says it is keen to increase its current trade volumes with Ethiopia to reach a half a billion dollar mark from the present $400 million.  Since 2003, the volume of trade between Ethiopia and Turkey has grown seven fold, while the number of active Turkish companies in the country grew from one to 38.  Turkish President Recep Tayyip Erdogan, who was on a one-day visit in Addis Ababa on Thursday, says the current trade volume "still insufficient".  "Our goal is to increase it up to $500 million," he said.  Erdogan had brought with a business delegation keen to exploit opportunities in the East African nation.  Apart from the increasing trade between the two countries, Ankara is also the leading foreign investors in Ethiopia in terms of total capital volume, amounting to over $3 billion.  Most of these investments are concentrated on manufacturing, tourism, agriculture, and minerals sectors – creating more than 32,000 jobs.


No comments:

Post a Comment