Business News of Sunday, 21 August 2016

Source: dailyguideafrica.com

Ghana, Turkey Bilateral Trade Hits $400m

Nesrin Bayazit Ambassador of Turkey (middle) Sahim Sariyaka, (left) and Frederick Amoaku Nesrin Bayazit Ambassador of Turkey (middle) Sahim Sariyaka, (left) and Frederick Amoaku

Nesrin Bayazit, Ambassador of Turkey to Ghana, has disclosed that bilateral trade between the two countries currently stands at $400 million.

She said Turkey intends to strengthen trade ties with Ghana to increase trade volumes to about $1 billion by the year 2020.

Mr Bayazi, who speaking at a press briefing in Accra said, “Turkey companies will undertake major projects in Ghana and contribute to the development of Ghana.

“We have to move towards a common objective and interests of our nations and improve our relations in every aspect possible for the prosperity of our people.”

Turkish Products Fair

She announced that all is set for the maiden edition of the Turkish Products Fair and exhibition in Ghana at the Movenpick Ambassador Hotel, Accra from 24-27 August 2016.

The fair is expected to attract leading Turkish companies with more than 500 selected products to be displayed at the stands.

It is under the auspices of the Istanbul Chamber of Commerce (ICOC), founded in 1882 with 400,000 members.

The conference is expected to pave the way for major boost in trade between Turkey and Ghana.

Cagri Oluc of the Istanbul Chamber of Commerce stated that since the 1960s, ICOC organized international fairs across the world.

Since 1999, ICOC has organized Turkish Product Fair in various countries’ commercial regions.

“In this respect, ICOC supports sincerely all efforts and works in order to develop and strengthen social and commercial relations with great ECOWAS countries of Africa,” he said.