Erdogan Praises Algeria trade deals on Africa

ALGIERS- Turkish President Recep Tayyip Erdogan visited Algeria on Tuesday and welcomed the signing of trade deals with Algeria on his first leg of his Africa tour.

Erdogan said the agreements made will allow Ankara and Algiers to diversify trade, depending on the finalisation of the trade deal.

He said about the pending signing of the deal, “an agreement on the protection of investments as soon as possible”.

In interview published by¬†Algerian daily Echorouk on Monday, Erdogan was insistent on the need on bilateral agreements to finalize the deal in order to, “protect investments”.

He said on Tuesday, “We see Algeria as an island of political and economic stability in the region. Our first trading partner in Africa is Algeria.”

The Turkish president added that, “investments and trade will gain in volume as the work of our businessmen in Algeria is facilitated,”

According Erdoagn the current trade deal is worth $4Billion, and the new deal is expected to “reach $5bn at the first stage, then $10bn,” he said.

However in his interview with Echourouk he did criticize Algeria importation barriers, “which hinder the development of bilateral trade”, he said.

The meeting between the two parties, the Turkish president was “convinced” by Algeria’s urgency to speed cooperation in the energy sector.

The Turkish president described his Africa tour as “historic”, his next stops will be¬†Senegal and Mali.

Photo Credit- CNN.com

 

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