Turkey targets USD 50bn in trade with Africa by 2015.

By bne IntelliNews January 8, 2013
Turkey targets to increase its trade with Africa to USD 50bn by 2015, PM Recep Tayyip Erdogan said. Erdogan is currently on a tour to visit Gabon, Niger and Senegal to improve trade ties and sign several bilateral agreements in the fields of agriculture, energy, construction and transportation. Erdogans first stop was Gabon on Jan 7. Turkish companies are interested in construction and natural gas projects in Gabon, Erdogan said. Trade volume between Turkey and Gabon is less than USD 50mn and the target is to increase this figure to USD 100mn by 2015, Erdogan added. The PM is accompanied by a delegation of around 300 businessmen. Turkeys exports to Africa increased by 31.4% y/y to USD 12.1bn in January-November 2012 while its imports from African countries declined by 14.1% y/y to USD 5.5bn in the same period.

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