Somalia, Turkey sign economic partnership pact

Discussion in 'Development' started by embarassing, Jan 12, 2018.

  1. embarassing

    embarassing

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    Turkey and Somalia on Friday signed a pact to boost their strategic economic partnership.

    “We wish to deepen relations with Somalia. Turkey’s investment in Somalia stands at over $100 million,” Turkish Deputy Prime Minister Recep Akdag told a signing ceremony alongside his Somali counterpart Mahdi Mohammed Gulaid.

    “This figure forms a foundation to prompt bigger cooperation in the days to come.”

    He predicted that the bilateral trade volume would rise to $200 million from about $120 million in 2016.

    He spoke at the opening of a Turkey-Somalia Joint Economic Commission meeting in the capital Ankara co-chaired by himself and Gulaid.

    Akdag added that both countries should carry through 2016 memorandums of understanding in such areas as energy, mines, electricity, higher education, agriculture, and maritime affairs.

    He added an expected free trade agreement between the two countries would boost trade ties.

    Gulaid, for his part, said the meeting would maintain bilateral economic ties and bolster strategic cooperation in the years to come.

    The countries also inked a memorandum of understanding on fishing and fisheries, signed by Turkey's Food, Agriculture and Livestock Minister Ahmet Esref Fakibaba and Somali's Fisheries and Marine Resources Minister Abdirahman Mohamed Abdi Hashi.

    "Now we have started work on the development of Somalia as well as [it] becoming a major economic power with the support of Turkey," Hashi said following the signing ceremony, adding that the pact would be the beginning of numerous future cooperation deals between the two countries.

    Under the deal, Turkish fishermen will be able to fish in Somalia's territorial waters.

    Turkey and Somalia have long enjoyed friendly relations, as Turkey has invested in many areas to help modernize Mogadishu, the capital of the Horn of Africa country.

    Last September, Turkey opened its largest military training academy abroad in Somalia.

    Located south of Mogadishu, the training facility took some two years to build.

    The facility spans over 4 square kilometers (1.54 square miles), and can train more than 1,500 troops at a time, according to the Somali government.
    http://aa.com.tr/en/africa/turkey-somalia-sign-economic-partnership-pact/1029413


     
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  2. Generalissimo

    Generalissimo

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    Looks and sounds good alhamdullilah, but the bold part sounds potentially problematic in the future
     
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  3. embarassing

    embarassing

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    I was thinking the same. InshaAllah it'll work out for the best.
     
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  4. Buskud

    Buskud

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    Maasha allaah, I am happy for all kind of devolopments taking place in Mogadishu and anywhere else in Somalia.

    Kudos to Turkey.
     
  5. government

    government زومالي و افتخر

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    how does it sound good they have access to our waters for fishing
     
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  6. Von

    Von It's always the bums who talk the most.- Reiko

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    There is no way Somalia should be involved in the Free trade. The Turks would just flood the market with their goods, Somalia needs to build its industry before it can fight on the world stage or will be consumers and not producers.
     
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  7. embarassing

    embarassing

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  8. gurey

    gurey

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    I dont support this. Its a one way street deal and the so called gov will mention how much tax they'll be able to collect. Plus the turks will create employment for turks and not somali. This is pathetic
     
  9. DR OSMAN

    DR OSMAN

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    Stop putting these threads up, we sign so many signings and dhagax dhigis and it never happens, from now on just keep this section when something is actually done rather then proposed. I think politicians do it just to keep ppl thinking their actually doing something. Only show us things they are actually done.
     
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