Wednesday, January 21, 2015

Turkey president to visit Ethiopia to boost business ties

Jan 21, 2014, (ANKARA), (Xinhua)))--Turkish President Recep Tayyip Erdogan is set to visit Ethiopia and Djibouti for a three-day tour starting on Thursday as part of strengthening trade, economic and investment ties in the Horn of Africa.

"Our country has an increasing economic, trade and investment ties with the countries in the region especially with Ethiopia," the statement issued by the press office of the Turkish Presidential Palace said.

The statement described the Horn of Africa as strategic gateway to the Middle Eastern and the world markets, stressing that Turkey has had historical and cultural ties with this region.  "The visit aimed to strengthen these ties further," it added.

Ufuk Tepebas, a former chairman of the Turkish-Asian Center for Strategic Studies (TASAM), said the visit might offer an opportunity to make up for the loss in the influence of Turkey in foreign relations as well as to benefit business opportunities.

"Ethiopia with more than 95 million people is a country in Subsaharan Africa where Turkish companies invested most," he noted. The number of Turkish companies doing business in Ethiopia has exceeded 340. Read more from Shanghai daily » 

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