Kuwait, Turkey dis­cuss boost­ing in­vest­ment, trade

Kuwait Times - - LOCAL -

Min­is­ter of Com­merce and In­dus­try Yousif Al-Ali met with Turk­ish Min­is­ter of De­vel­op­ment Lutfi El­van to dis­cuss boost­ing trade and com­merce. The meet­ing took place on the side­lines of the 7th Bospho­rus Sum­mit, which kicked off on Tues­day and concludes to­day in Istanbul. The two sides also dis­cussed in­vest­ment op­por­tu­ni­ties and shar­ing ex­pe­ri­ence in the field.

Ali had stated Tues­day that Kuwait placed sig­nif­i­cance on par­tic­i­pat­ing in the sum­mit “to dis­cuss ways of co­op­er­a­tion with friendly coun­tries,” adding that this par­tic­i­pa­tion comes as part of its ef­forts to take part in ma­jor in­ter­na­tional eco­nomic sum­mits.

Ef­fec­tive pres­ence

Ali pointed out that the Arab pres­ence in the sum­mit was ef­fec­tive, with Saudi Ara­bia tak­ing part as a guest of honor. The Saudi del­e­ga­tion to the three-day event was led by Dr Ma­jed AlQasabi, Min­is­ter of Com­merce and In­vest­ment, who ad­dressed the gath­er­ing by voic­ing his coun­try’s plan to have an ad­vanced eco­nomic rank by the year 2030 de­spite the world eco­nomic re­cess, cit­ing the key eco­nomic re­forms pro­jected by the Saudi econ­omy over the com­ing few years. Qasabi also shed light on the King­dom’s plan to launch a num­ber of non-oil eco­nomic re­forms, in­clud­ing promis­ing eco­nomic sec­tors and gov­ern­ment ser­vices, thank­ing or­ga­niz­ers of the event for choos­ing the King­dom as guest of honor. The eco­nomic sum­mit is sched­uled to dis­cuss, among other is­sues, Saudi Ara­bia’s vi­sion 2030 and Turkey’s vi­sion 2023.

Turk­ish Pres­i­dent Re­cep Tayyip Er­do­gan had stated in the open­ing of the sum­mit that his coun­try is fac­ing ex­cep­tional cir­cum­stances that need to be met with ex­cep­tional sup­port from part­ners and in­ter­na­tional fi­nan­cial in­sti­tu­tions. He drew the at­ten­tion that his gov­ern­ment has launched a pack­age of eco­nomic and fi­nan­cial re­forms to at­tract in­vest­ment.

The sum­mit is held un­der the theme ‘An In­ter­na­tional Goal ... An In­ter­na­tional Fu­ture’ in the par­tic­i­pa­tion of of­fi­cial del­e­gates from 70 coun­tries, in­clud­ing heads of state, prime min­is­ters, se­nior of­fi­cials and busi­ness­peo­ple.

On its stalled EU mem­ber­ship re­quest, Er­do­gan said Turkey has been wait­ing for an an­swer from the EU for over 50 years, and crit­i­cized last week’s non-bind­ing vote by the Euro­pean Par­lia­ment urg­ing a freeze to Turkey’s EU ac­ces­sion talks, call­ing it “ha­rass­ment.”

“We have not closed the EU sub­ject yet. But the pic­ture we have faced does not al­low us to fall for pos­i­tive ex­pec­ta­tions on this sub­ject. There are al­ways many al­ter­na­tives be­fore Turkey. We would con­tinue our way by con­sid­er­ing one of these op­tions,” said Er­do­gan. —KUNA

ISTANBUL: Min­is­ter of Com­merce and In­dus­try Yousif Al-Ali (left) meets with Turk­ish Min­is­ter of De­vel­op­ment Lutfi El­van. —KUNA

Newspapers in English

Newspapers from Kuwait

© PressReader. All rights reserved.