A trade delegation from Türkiye descends on Kuwait...

Minister of Trade Ömer Bolat visited Kuwait as part of the 'Kuwait General Trade Delegation Programme' organised by the Turkish Exporters Assembly (TİM) with the participation of business people operating in various sectors.

As part of the programme, Minister Bolat met with Kuwaiti Minister of Commerce and Industry Mohammad Othman Al-Aiban. Minister Bolat noted that they had come to Kuwait with an official delegation of 150 people, which also included TÜROB Vice Chair and Services Exporters' Association Board Member Hediye Güral Gür. Stating that the bilateral trade volume between the two countries stands at around 1 billion dollars, Minister Bolat said: "Türkiye has exports of 673 million dollars. Although bilateral trade this year has been somewhat lower amid the slowdowns in the world economy, we believe this is temporary. As of the first 10 months of this year, Türkiye's exports stand at 575 million dollars and bilateral trade at 680 million dollars. We will rapidly increase this through mutual talks and fairs. Kuwait has signed an agreement to purchase 18 armed drones from Türkiye next year. One of our Turkish construction firms is building Kuwait's legendary airport project. 427 Kuwaiti companies are investing in our country. Their investments amount to nearly 2 billion dollars. I hope these will continue and grow. Our contractors have carried out some 50 major projects worth over 9 billion dollars. They have put them at Kuwait's disposal. We will address many issues in bilateral talks between Türkiye and Kuwait in terms of trade and the removal of technical barriers. There are also some ongoing contacts with the Gulf Cooperation Council regarding a Free Trade Agreement, and on this point I would like to express that we expect Kuwait's support."