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President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Turkish President Recep Tayyip Erdogan as we speak witnessed the announcement of a joint accord on the institution of a high-level strategic council between the UAE and Türkiye, additional cementing ties between the 2 nations.
The 2 leaders additionally witnessed the alternate of a number of agreements and Memoranda of Understanding (MoUs) that promise to boost collaboration even additional.
The announcement and alternate passed off as we speak at Qasr Al Watan in Abu Dhabi throughout President Erdogan’s official go to to the UAE.
The agreements – estimated to be price US$50.7 billion – are aimed toward diversifying the framework of the UAE-Türkiye Complete Financial Partnership Settlement and deepening funding between each nations throughout strategic sectors.
The agreements exchanged as we speak included:
• An settlement between the federal government of the United Arab Emirates and the federal government of the Republic of Türkiye on reciprocal promotion and safety of investments.
• An extradition settlement between the 2 international locations.
• An settlement on authorized and judicial cooperation in civil and business issues.
• An settlement on mutual authorized help in legal issues.
• A joint declaration on the institution of a Joint Financial and Commerce Fee (JETCO).
• A Memorandum of Understanding between the Ministry of Trade and Know-how of the Republic of Türkiye and the Ministry of Trade and Superior Know-how of the United Arab Emirates on collaboration within the area of digital transformation.
• A Strategic Partnership Framework Settlement signed between the Ministry of Trade and Vitality and Pure Sources of the Republic of Türkiye, and the Ministry of Funding of the United Arab Emirates, to develop power and pure sources tasks.
• A Memorandum of Understanding on the event of joint launch car capabilities for business functions between the UAE House Company; the Turkish Ministry of Science, Trade and Know-how; and the Turkish House Company.
• A Memorandum of Understanding between the UAE Worldwide Buyers Council and the Funding Workplace of the Presidency of the Republic of Türkiye.
• A Memorandum of Understanding on strategic cooperation within the area of defence industries between the UAE Tawazun Council and the Turkish Defence Industries Company.
• A Memorandum of Understanding within the area of export credit score financing between ADQ and Turkish Eximbank.
• A Memorandum of Understanding on investing in sukuk for the needs of the reconstruction of areas of Türkiye affected by earthquakes, between Abu Dhabi Developmental Holding Firm (ADQ) and the Turkish Ministry of Treasury and Finance.
• A strategic cooperation settlement between the Abu Dhabi Nationwide Oil Firm (ADNOC) and the Turkish Petroleum Company.
• A Memorandum of Understanding between the Abu Dhabi Funding Workplace and the Funding Workplace of the Presidency of the Republic of Türkiye.
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