Qatar-Turkey trade volume exceeds $1.2bn

February 26, 2013 - 1:30:23 am

DOHA: The trade volume between Qatar and Turkey has exceeded $1.2bn mark in 2012. Qatar’s exports to Turkey increased by over 46 percent in 2012 compared to 2011 and reached to about $983m, while its imports from Turkey witnessed nearly 37 percent increase in 2012 compared to previous year, a press statement issued by Mediterranean Exporters Association said yesterday.  

A Turkish delegation on ‘Trade Mission Programme to Qatar’ organised by Turkey-based Mediterranean Wood and Forestry Products Exporters Union is expected to arrive here today for two days. The mission aims to develop mutual cooperation and trade opportunities between the two countries.

A Sectoral Trade Mission Programme has been organised by the General Secretariat of the Union in coordination and with support of Ministry of Economy of Turkey. Bilateral (B2B) meetings will be held between Turkish exporters and Qatari buyers.

Export from Turkey to Qatar increased 15.8 percent in 2011 compared to the previous year, and reached $188m. It also increased 36.9 percent in 2012 compared to 2011 and reached $257.5m. 

Electrical machineries and devices, machinery and equipment are main products exported from Turkey to Qatar. Finished metal products of metals, iron and steel, non-metallic mineral products and furniture are some of the important items among Turkey’s exports to Qatar. Import from Qatar to Turkey increased by 46.6 percent in 2012, compared to the previous year and reached $982.7m. Liquefied natural gas (LNG), raw aluminum, plastic and plastic products, chemical products are the main items imported from Qatar to Turkey.

About 11 Turkish companies with 22 delegates will take part in the Trade Mission Programme that is expected to provide opportunities for Turkish and Qatari businessmen. The mission will negotiate about trade and investment issues.

Turkish Companies will introduce a wide variety of their products including home furniture (sofa set, living room, bedroom, wall units), office and school furniture, wood and forestry products.

The meetings will be held tomorrow from noon to 5om in Doha Hilton Hotel. “We invite Qatari companies to meet up with Turkish products in the high standards by participating to our Trade Mission Programme which will provide meeting of exporters and buyers on the same platform and achieving more success in cooperation between Turkey and Qatar,” said the statement.

Turkey is the sixth largest economy in Europe and 17th largest economy in the world. Despite all the negative effects of the global economy, it was the fastest growing country in Europe with 9.2 percent growth rate in 2010 and 8.5 percent in 2011.

The Peninsula